A fee paid upfront to secure legal services is called

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A retainer fee is an upfront fee paid to a lawyer to secure their legal services. This fee is typically used to cover the lawyer's initial expenses and costs associated with the case. It is different from a contingency fee, which is a percentage of the final settlement or judgment awarded to the client, and flat-fee billing, which is a set fee for a specific legal service regardless of the outcome. Value billing is a pricing strategy that focuses on the value of the legal services provided rather than the time spent on the case.

A Fee Paid Upfront to Secure Legal Services Is Called