Law Practice
Nov. 1, 2012
Retaining the professional retainer
How can a professional ensure payment for services appropriately and professionally performed, even in the face of the client's bankruptcy filing? By Mary Lane of Mitchell Silberberg & Knupp LLP
How can a professional ensure payment for services appropriately and professionally performed, even in the face of the client's bankruptcy filing? Professionals considering representing a client in potential financial distress, in particular, will be interested in this discussion of the professional retainer, who owns it and when, and how to hold onto it.
Retainers Are Property of the Client.
A retainer, typica...
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