Having a lawyer on retainer means you’ve secured a lawyer to handle your legal matters, as agreed in a contract. When someone says,’ you’ll be hearing from my lawyer,” they mean that they’ve paid a retainer fee in the form of a monthly fee. The fee is calculated in accordance with their needs and the lawyer’s hourly fee, Most of us do not feel the urge to have such lawyers handling our legal matters. We conclude that they are too expensive and thus are better fitted for the elite and those in the position of power. Due to life uncertainties, however, it is advisable to have at least one on call. You need reputable representation when conducting a deal or in case of emergencies.
Below are reasons as to why you should have a lawyer on retainer:
In comparison to a retainer lawyer, it would be expensive to hire an in-house attorney to take care of your company’s legal demands. This applies to all companies constantly requiring lawyer’s services. Whenever involved in legal disputes, no matter how small or big it might be, it is good to have the right legal council on hand, take a look at Amircani Law. They will help mitigate the time consumed and the costs incurred during an ongoing legal battle. They can also help you avoid criminal or civil liabilities that may arise.
2.Reviewing and editing of contracts
Contracts are a necessity in any business transactions; they give a kind of assurance that the involved parties will honor their end of the bargain. In order to ensure that your business deals continue thriving in the future, you will need a good business attorney to draft your contracts. This enables you to avoid using a wrong phrase in the wrong area of a contract, which can cost you a lot of money in the end.
When you have a lawyer on retainer, you will have peace of mind because you have reliable representation or legal advice whenever in need. I cannot emphasize enough on the importance of this for business owners grappling with a variety of legal requirements such as data protection, immigration laws, and on tax matters. In addition, you won’t have to worry about the price of each consultation; you’ve already agreed to a retainer requirement. Therefore, you can make as many phone calls as you need.
There are times when you can be mistakenly arrested for reasons based on your ethnicity and prior events rather than on the real facts of a given situation. Just ask the countless minority groups finding their way behind bars. Having legal advice at your fingertips will enable you to protect yourself and your loved ones from such unlawful prejudices.
Statistically, these mistaken identities cases are growing more by the day due to the ongoing fight against the terrorists. A retainer lawyer can thus increase greatly your chances of freedom whenever caught up in these unjust arrests.
It is important to note that there is a difference between a “retainer” and a “retainer agreement.” A retainer is a fee paid to hire a lawyer while a retainer agreement is the signed document after hiring a lawyer.