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
Here is how our Collaborative Divorce retainer works: Family Diplomacy: A Collaborative Law Firm requires a non-refundable Initial Fee and a credit card or debit card to securely hold on file. The Initial Fee typically ranges between $4,000 to $6,000. Our hourly rate goes against the Initial Fee. If the Initial Fee gets used up, so long as you have a valid card on file we do not require any additional retainers, unlike most other firms. Rather, we will charge your card on a pay-as-you-go basis.