I asked this subject in a opposite way, as well as we not asked to insist which it’s not a law fit case, so ‘contingency’ is substantially not an option.
My subject is: If a intensity customer doesn’t have a complete retainers price up front for an attorney, is there a approach which an profession can begin representing a customer with a little arrange of a pledge which he/she will be paid? Is there a form of created agreement which can be drawn up in between a profession as well as a intensity client?
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Comments: 2 comments
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evilattorney
November 15th, 2009 at 6:36 pm
An attorney is free to draw up a contract that allows for a certain amount down and certain amounts to be paid at various intervals. Some attorneys will do this with certain types of matters.
It is virtually never done in bankruptcy cases and it is reluctantly done in cases involving the courts as there is no guarantee that the attorney will be allowed to exit the case should the client not pay.
Discipulo legis, quis cogitat?
November 15th, 2009 at 6:36 pm
This is done rarely.
What some lawyers do do is acquire a security interest in a client’s personal property. Because this is a hassle, they usually do not do it. A security interest is like a mortgage, but it can work for anything: your car, your TV, your jewelry, your crops, your retirement account. If you don’t pay your loan, the secured holder can take whatever is secured be it your house in a mortgage, your car, business etc.
Like I said, this is a real pain to handle and most attorneys don’t want to bother with it. The law is complex and some attorneys even specialize in collecting funds from clients or defendants who refuse to pay. Some attorneys even show up at bars at 2 am with sheriffs to seize money in cash registers to cover outstanding legal judgments.
Some attorneys will take credit cards. If they aren’t hurting for work, they have no need to take a risk on a client who may not be able to pay them. Depending on the statute of limitations, it may be possible for the client to save up for a retainer. If the client puts $1000-$4000 down, the attorney may be more willing to agree to a payment plan.
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