20
Feb

What is a Legal Retainer fee?

A legal retainer fee is nothing more than a legal service contract signed to receive a consultation, legal advice, and legal management services by making monthly payments.

Among the services you can receive when acquiring a retainer, is the possibility of obtaining professional services from a lawyer, simply by paying a monthly fee. Once the needs and scope of the company or client is established and analyzed, the legal services needed by the client are rendered.

The company or client will receive:

1. Immediate and permanent access to the legal service they have hired.
2. Above all, you will not have to pay fees each time you make a consultation or request legal action, all you will have to pay are the expenses incurred.

Who are Legal Retainers for?

• Individuals: It is excellent for individuals or Single Owner Limited Liability Companies (known in Spanish as EIRL), which will have their own lawyer, who will advise them on legal matters.
• Ideal for small business owners, who will have their own Legal Department, or for expanding companies seeking full coverage in the legal area of their company.

What are the types of Legal Retainers available?

• Occupational: The law office would be in charge of drafting employment contracts, advising clients on social security issues and employment legislation in general. Improve internal and employment operations, provide them with the service of representation and defense of their interests, in the event of employment disputes that may arise. Additionally, offering them services to help them in the prevention of disputes, eliminating the high costs generated by litigation or sentences.
• Corporate: They will have a team of lawyers trained to effectively advise clients in the process of incorporation and adaptation, to the new rules of Commercial Companies, dissolution and liquidation of the company, among others.

Assistance in the drafting and negotiation of management contracts for their companies such as: sale of goods and services, lease agreements, among others.

• Non-Coercive and legal collections: In order for you to optimize the management of your personal or company collections, you could be advised on the establishment and implementation of credit and collection policies, management of your receivables, management of delinquent accounts, legal advice and assistance, financial advice, among others.

What are the benefits of contracting services through a Legal Retainer with a law firm for individuals or companies?

• They will have personalized and specialized attention.
• They can have a lawyer assigned.
• You will have access to:
• Consulting.
• Legal Counsel
• Legal Management.
• Among others.

Most importantly, you can have a firm at your disposal that not only has a specialized lawyer, (specialized in labor law for example), but will have all kinds of specialized lawyers for all your cases. As a result, you or your company will enjoy peace of mind and stability.

Cost.

The value of each legal retainer will depend on your needs.