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Reply to "Typical Biglaw Monthly Retainer"
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[quote=Anonymous]The retainer is just to make sure the firm gets paid. If the firm asks for a 10,000 retainer, that will be your deposit. Invoices should show you hourly billing, the amount of the retainer used and the amount of retainer remaining. Once the retainer is used up, they may ask you to replenish or allow you to pay your monthly invoices. Do you have an engagement letter? Also, I assume it varies by firm but this is the general concept. [/quote]
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