Detailed text transcripts for TV channel - MSNBC - 20180504:04:27:00
>> a retainer is an interesting concept. sometimes it's a flat fee but sometimes it's an amount that's paid due that you have to put in your client trust account and pay yourself as you bill hourly. but there's a lot of rules that relate to retainers. a retainer, you can't just, in many cases, take someone's check or take someone's money and just stuff it into your pocket. just as it is with any business in america, but with lawyers, there are several additional ethical rules. we have to tell our client what we're charging them. ideally, it should be in a written fee agreement. there is a pape...