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Reply to "Typical Biglaw Monthly Retainer"
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[quote=Anonymous][quote=Anonymous]Wait, who is using a retainer in biglaw? Everything we bill at my firm is hourly, at least on the transactional side. [/quote] Most firms put their clients on a monthly retainer and then bill against it, assuming it's BigLaw. You're not going to have a firm like Kirkland or Sidley billing by the hour and then sending the invoice. LOL. They want a contractual monthly rate of $50k or so for an agreed-upon period of time (6 months). [/quote]
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