Retainer Fee and Billing Process at 4th Street Law

At Fourth Street Law, we prioritize transparency to enhance your experience with us. Below is important information regarding our retainer fee structure:

Retainer Fee Structure

To initiate our attorney-client relationship and provide ongoing support, a retainer fee of $2,500 is required. This fee serves as a security deposit for our services.

 

Here’s what you need to know:

  • Usage of Retainer: The retainer acts as a backup if any payments do not go through during your representation.
  • Weekly Billing: You will receive an invoice each week for the services rendered, ensuring you’re kept informed.
  • Detailed Invoicing: Each invoice will break down the legal work performed, the time spent, and the associated costs.
  • Refund of Unused Retainer: If the retainer isn’t fully used during your representation, you’ll receive any unused portion back at the end of the process.

Retainer Fee and Billing Process in Action

For example, suppose you start with a $2,500 retainer fee. If one of our attorneys billed 8 hours at $325 per hour in a particular week, your total bill for that week would be $2,600. This amount would then be charged to the same card on file.

If payment is processed successfully, we continue as planned. If not, we’ll use the retainer to cover the unpaid amount, ensuring your representation remains uninterrupted. At the end of your case, any unused portion of the retainer will be refunded to you.

 

Frequently Asked Questions (FAQs)

Q: What is the purpose of the retainer fee?
A: The $2,500 retainer acts as a security deposit to cover our services, used only if payment does not go through during your representation.

 

Q: How often will I be billed?
A: You will be billed weekly for the services rendered, with detailed summaries included.

 

Q: What happens if my payment is not processed?

A: If your payment fails, we’ll use the retainer to keep your representation going without interruption.

 

Q: Will I get my retainer fee back?
A: If the retainer is not fully utilized throughout your case, any remaining amount will be refunded to you.

 

Q: How can I ensure my payment method is up to date?
A: Please keep your card on file current. Prompt notifications will help you maintain accurate payment information.

 

Q: Who do I contact if I have questions about the billing process?
A: For any billing questions or concerns, feel free to reach us directly at (719) 679-4557.

This content has been crafted under the careful oversight and expertise of our dedicated digital marketing specialists and seasoned legal professionals, then enhanced with advanced AI tools. 

We strive for precision and clarity in the information we provide. To gain further insights into our content creation process, we invite you to explore our Content Policy page.