Divorce Clients Need to be Wary of Evergreen Retainer Arrangements
A new development in the representation of divorce clients has been the adoption of evergreen retainer arrangements. Several firms that advertise for domestic litigation, notably Cordell & Cordell, require clients to provide them with unrestricted access to a credit card that automatically renews the retainer to some arranged amount. This is known as an evergreen retainer. The danger in such an arrangement is that it grants a law firm unlimited access to funds and serves as an incentive to generate as many...
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