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Sigh. 5k is three months rent for many people. It's not surprising that we don't see more bootstrapped startups from underprivileged people.
by phendrenad2 3y ago
Sigh. 5k is three months rent for many people. It's not surprising that we don't see more bootstrapped startups from underprivileged people.
- JohnFen 3y agoThis might depend on where you are. In my area, it's unusual to have to provide a retainer at all unless you're doing something big or the lawyer suspects you might have trouble paying your bill later.
- phasetransition 3y agoIn my personal experience with small firms closed ended matters like wills, contracts, or individual IP filings don't require a retainer. Open ended matters, like probate, starting an IP portfolio, or response to a C&D trigger a retainer.
- chii 3y ago> bootstrapped startups from underprivileged people. i dont think startups should be paying a retainer. You do this only after it's worth the money - ala, you either know your domain is a gray area and is definitely going to require a lawyer. This has nothing to do with underprivileged people or not.