Periodic retainer

Added Thursday 17th March 2005

If the client is able to supply detailed information about its historic legal spend and is able to give assurance that its pattern of work is reasonably consistent, it is possible to work out an average overall fee for given past periods which can be used to calculate the amount of periodic retainer for a forthcoming period. It is a common feature of such arrangements that no guarantee is given by the client as to the quantity and type of instructions it will give.

A retainer arrangement operates as a fixed fee for all work arising from the retainer. There can be no conditions, exclusions or qualifications that allow the law firm to exceed the fixed amount, save in exceptional circumstances.