contingency fee

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contingency fee

Law & medicine An attorney fee based on a percentage of the money recovered in a lawsuit

contingency fee

A wage charged by a legal professional for services rendered, payable only if the injured party wins damages as a result of the successful resolution of a suit. Contingency fees usually consist of a percentage of the damages recovered by the injured party.
References in periodicals archive ?
Reinganum and Wilde (1986) analyze contingency fees in the signaling model.
Not only are contingency fees uniform at any given time, but they also tend to be uniform from month to month, even year to year.
She previously had signed a contingency fee agreement granting her attorney one-half of all collections.
Thus, courts typically first analyze state law to determine the relative strength of the respective interests in the contingency fee.
The intent of the authors' proposal is to permit contingency fees where there is a "contingency" regarding claim outcome.
Do these people qualify as legal scholars on contingency fees or injured people?
Through its 'sunshine' law, Mississippi today took a significant step to rein in the troublesome practice of awarding contingency fee contracts to plaintiffs' lawyers who are also major campaign contributors to the state attorney general.
The change clarifies that the original lawyer, in line with a recent Supreme Court opinion, does not get any more money for handling lien resolutions under the original contingency fee contract, and also cannot split fees or receive any extra payment if lien resolutions are turned over to another attorney.
Proposal to Prohibit Use of Contingency Fees Surfaces
The consultation follows up on the Government's commitment in Economic Action Plan 2012 to study the contingency fees charged by tax preparers for SR&ED claims.
However, Cauley's former partners believe that claim is overvalued and could be further devalued because Cauley lost his right to collect contingency fees when he forfeited his law license on May 28.
My concerns for the next several years are that contingency fees will continue to be paid and that they will be used by a shrinking pool of brokers and insurers," he said in an e-mail.
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