Retainer
Definition
An upfront fee paid to hire an attorney. Most personal injury lawyers work on contingency instead, meaning no retainer is required and they only get paid if you win.
Real-World MVA Example
Unlike a divorce attorney who might charge a $5,000 retainer, your car accident lawyer takes your case with zero upfront cost under a contingency fee agreement.
Related Terms in Attorney & Representation
Contingency Fee
A payment arrangement where your attorney only gets paid if you win your case. The fee is typically 33% of your settlement or verdict, and you pay nothing upfront.
Contingency Fee Agreement
The written contract between you and your attorney that spells out the percentage they'll take from your settlement or verdict, plus how costs and expenses are handled.
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