Ditching Hourly cover image

John Strohmeyer - Packaging And Selling Legal Services On A Fixed-Fee Basis

Ditching Hourly

CHAPTER

What Is a Retainer?

The Texas bar specifically defines what a retainer is. The money belongs to the client. They can ask for that money back as long as we haven't earned it. It's their money. We can refund it if we need to. While it is in that account, I have to keep it balanced to the penny. I can lose my license if it is off. There are rules and the bar can come in it and audit it whenever they want.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner