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Term Definition
Billable Hours
- a lawyer’s professional time in a legal matter, excluding administrative time, sometimes graduated to tenth’s of an hour.
Application in Divorce
When one hires a lawyer to represent him or her in a divorce, it is typically instituted with a contractual
agreement
which declares a retainer fee. A retainer fee is an amount of money paid to the lawyer to retain his or her services. Once the payment is received, the lawyer will be compensated from the retainer amount for each billable hour he or she spends the case. Most lawyers have a flat fee for a billable hour ($100 -$300/hours), which should be stated in the contractual agreement.
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