What is a retainer?

When a client meets with an attorney for the first time to discuss a divorce, that attorney will estimate how much money they believe the retainer will be. The retainer works like a checking account in that the money is deposited into a trust account and the funds are drawn on as they are earned by the attorney for work that is done.

Any interest earned while the money sits in trust is collected by the Texas State Bar and used to help fund legal services for the underprivileged.

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