When hiring a lawyer, a conservation agreement can sometimes be used. This is the payment of a “conservation tax” which is in fact like a down payment by the client to the lawyer. The payment helps secure the lawyer`s service and shows that the client is ready to hire the lawyer. A portion of the means of payment can also be used for legal tasks during the case. Funds are usually held on their own accounts. The retention system is also beneficial to the client, as it provides an estimated budget for legal fees. However, depending on the nature of your case, it is not uncommon for a legal case to be “inflated,” which requires much more time and effort to resolve it. Jose (Jay) is Senior Staff Writer and Team Editor for LegalMatch. He has been with LegalMatch since March 2010. He contributes to the legal library of the company`s website by writing on a large number of legal topics. Its articles aim to provide understandable and readable explanations on legal issues often raised by persons with legal applications.

Jose also contributes to the LegalMatch Law Blog, which covers current events and developments in the legal field. He wrote an e-book for LegalMatch entitled “Everything You Should Know About Hiring a Lawyer”.” Jose has a J.D. from the U.C Davis School of Law and a B.A. in Sociology from U.C Berkeley. In addition, he has experience in general digital marketing, REFERencing and content management. Although he doesn`t work, Jose enjoys listening to music and studying jazz guitar. You can ask your lawyer for a statement of trust at any time. Even if you receive an invoice from your lawyer, it can indicate how much of your retainer remains. First of all, a conservation agreement guarantees you availability and access to the ideal representation of your choice. You can set or pay hours for certain services each month until the case is closed.

On the other side of the coin, a conservation agreement provides a revenue stream for the lawyer. If the client needs a lawyer for a long-term relationship, the client can hire the lawyer on a storage basis. Conservation is usually a fixed amount that the client is required to pay the lawyer on a monthly basis in exchange for the opportunity to engage him in the future when legal issues come. The earned storage fees are paid monthly until the case is closed. Sometimes the lawyer can be paid according to the steps he has completed, for example 25% after the preliminary procedure, 60% after the hearing and 100% if the case is decided and closed.