A client retainer refers to an upfront amount of money paid by a client to a service provider before any work begins. This payment secures the provider's services and ensures their availability for future work. Full definition
Firms need to track all billable activity, expenses, and matter costs while they simultaneously manage client retainer balances and partial payments. (cosmolex.com)
The types of unbundled legal services and flexible retainer options you can use to tailor services to the financial needs of your clients (unbundledattorney.com)
You should use billing software for lawyers to produce expense reports to assure clients your retainers are not too high — and to assure yourself that your retainers are not too low. (cosmolex.com)