What is an initial retainer fee?
The initial retainer fee waived in the Gust Launch law firm partnership offering can also be called a "general retainer fee." A general retainer fee is a payment made in advance of a lawyer providing legal services that covers a specific period of time rather than specific services performed. In this type of arrangement, a client is paying for the attorney's "availability" rather than specific work product.
While all Gust Launch legal partners waive this type of initial general retainer fee, legal partners are free to request retainer fees covering specifically requested services or can charge flat fees to be paid in advance.
Last updated on April 9, 2018