How Does Our Collaborative Divorce Retainer Work?
If you have been considering divorce, hopefully you have looked at the private and non-adversarial Collaborative option. If so, you may recognize that it is a better option for most families as you and your attorneys are working together to reach a resolution rather than wasting time and money on preparing for a trial that likely will never happen. After all, 80 to 90+% of all divorces end in an agreement rather than a judge-imposed solution; accordingly, in Collaborative Divorce, the attorneys and other professionals focus solely on reaching an out-of-court agreement and are prohibited from engaging in contested court hearings.
You may have heard that lawyers generally require retainers. Our firm believes in transparency, including transparency of retainers. The goal of this post is to inform you of our requirements and make sure you are knowledgeable on and comfortable with how we operate.
How Our Collaborative Divorce Retainer Works (Updated June 1, 2025)
To begin your divorce case, you’ll pay an evergreen retainer of $8,000 (it may be lower for non-divorce work). This is not a flat fee. We will bill you based on the actual time we spend working on your matter, and we will apply those charges against the $8,000 retainer. The funds will be held in a special bank account (called a “trust account” or “IOTA account”), where your funds are matched with your specific case file. As we work on your case, we’ll take money out of that account to pay for the time we have spent on your matter.
You agree to keep at least $8,000 in that trust account while we’re representing you. If the amount drops below that, we’ll charge your card on file to bring it back up. To be clear, every time we send you an invoice, we will charge the card that we have on file to bring the retainer back up to $8,000. At the end of your case, you will be refunded any unused portion of your retainer.