These Frequently Asked Questions are designed to give you a quick reference about costs and billing. The specific details will be outlined in the Retainer Agreement.
What is a retainer?
If we are able to handle your case and you decide to retain us and have satisfactorily completed the Client Intake and the Know Your Client forms, we will both sign a Retainer Agreement, which will clearly outline the terms of engagement, scope of work, and our fees. Subsequently, regardless of the fee structure, you will pay an upfront deposit into a unique client account at our bank, JMMB.
Why is my client account unique?
Your JMMB client account is unique because only your funds (JMD, GBP, or USD) will be deposited into that account. This allows for transparency and confidence that your funds are managed securely and separately.
How does the retainer work?
As we work on your behalf, we will draw our fees from your unique account, which may require topping up at intervals based on the Retainer Agreement. Remember that the only payment method is bank transfer to allow you to deposit funds directly into your unique client account.
How do you bill for your services?
Since your funds are managed separately, they are easily reconcilable so you will receive a clear itemized bill on the first working day of every month showing the complete financial picture up to the end of the previous month and the current account balance.
What fee structures do you use?
Depending on the type of case, you may be billed based on a flat fee or an hourly rate.
What is a flat fee?
You pay a fixed fee, which is predetermined for the whole case from start to finish. A 50% upfront deposit is required and the balance payable at the end or at intervals before the end. This fee structure is more suitable for uncontested divorces, simple drafting of contracts and Wills, and other routine legal services.
What is an hourly rate?
You pay for the exact time spent on your case. Therefore, if you paid for more time than was actually spent, you will be refunded the excess. This fee structure is more suitable for complex civil litigation or contested criminal cases, which could require extensive time and effort.
Should I budget for extra costs?
Yes, you should budget for extra costs because expenses such as stamp duty and other government fees, court filing, bearer/courier services, document printing and copying, etc. are not part of our legal fees. Therefore, you will be required to transfer an estimated sum into your unique client account to cover these expenses, which may require topping up if necessary. Any unused funds for these expenses will be refunded, and the receipts for all expenses will be provided.