What is an Hourly Retainer?
An hourly retainer is the traditional model for legal services. Attorneys do the work and you pay for it with an hourly rate. The advantage of this model is that you only pay for the work performed. The disadvantage is that the amount of work needed may vary.
If it takes us a letter and a few phone calls to get your matter resolved, you win under an hourly rate because the work will be minimal, and so will your bill. But it’s equally likely that it will take more work than that to get you to the finish line. We might even have to file a lawsuit. If that’s the case, your bills will be higher, and irregular. One month there may be little work done, so you’ll get a small bill. The next month, however, it may take the work of two attorneys to handle your case. Then the invoice for that month will be large.