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 ?
The board, in 2012, proposed an amendment that would require disclosure to the client about medical liens and subrogation issues, would allow the hiring of an outside attorney with the client's consent to handle those matters, and that the attorney handling the lien matters could not share fees with the attorney with the underlying contingency fee contract.
3 percent contingency fee could be a deal killer for a plaintiff's attorney and put justice out of the reach of many, according to Haas.
It is not clear to us, however, that contingency fees are capable of addressing the areas in which there is greatest unmet legal need.
206) Furthermore, another (albeit dated) study has found, in the PI context, that specialists tended to charge higher contingency fees than nonspecialists, on a percentage basis.
Previously, Gallagher had signed an agreement with the Illinois Department of Insurance in 2005 to no longer accept contingency fees, but once October arrives, there will no longer be any regulations in place to oversee disclosure.
14) The HEALTH Act, modeled after California's medical malpractice reform, (15) contains a sliding scale maximum on contingency fees in medical malpractice actions ranging from 40 percent for the first $50,000 recovered to 15 percent for any amount exceeding $600,000.
To the extent that a lower dispute rate is considered a policy goal, this analysis suggests that the introduction of the English Rule may be undesirable in a system that makes extensive use of contingency fees (or vice versa).
At the center of his case is the fact that contingency fees are generally uniform, with rare deviations from the standard in any particular jurisdiction.
The minority position is that contingency fees are income to the attorney, but not to the client; see Davis, 210 F3d 1346 (11th Cir.
Rent Recovery Service offers programs for recouping delinquent rent, including a unique flat-fee system that significantly lowers the cost of pursuing delinquent tenants by eliminating contingency fees.
What Professor Brickman objects to is the clause modifying "others," that describes some--but not all--of those who criticize contingency fees as "funded by or speaking for corporations and their insurers.
They need to try yet again in an effort to gain handsome contingency fees for themselves.
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