Divorce 101 FAQs

What is the Price Difference Between the Initial Retainer and Hourly Rates?

faq
Written by Russell Alexander ria@russellalexander.com / (905) 655-6335

The key difference between the initial retainer payment and hourly rates is that the former is required for opening your file and the latter is the method by which you are charged for work completed on your file. As your initial retainer payment nears depletion, you will be asked to replenish your trust funds by making a further retainer payment.

You may think of retainer payments as credits, or cash inflows into your trust account, and hourly rates as debits, or cash outflows from your trust account to pay for work completed on your matter.

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About the author

Russell Alexander

Russell Alexander is the founder of Russell Alexander Collaborative Family Lawyers and is the firm’s senior partner. At Russell Alexander, our focus is exclusively family law, offering pre-separation legal advice and assisting clients with family related issues, including: custody and access, separation agreements, child and spousal support, division of family property, paternity disputes, and enforcement of court orders. We have locations in Toronto, Markham, Whitby (Brooklin), Lindsay, and Peterborough.

For more information, visit our website, or you can call us at: 905-655-6335.