contingency fee

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contingency fee

Law & medicine An attorney fee based on a percentage of the money recovered in a lawsuit
McGraw-Hill Concise Dictionary of Modern Medicine. © 2002 by The McGraw-Hill Companies, Inc.

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.
Medical Dictionary, © 2009 Farlex and Partners
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.
Haas and others question whether the true purpose of the contingency fee cap is to reduce legal fees and put more money in the hands of clients.
Proponents make a number of contextual arguments in favor of removing the prohibition on lawyers charging contingency fees, including: lawyers in Australia can enter into costs agreements providing for the payment of conditional fees (conditional fee agreements)-, the abolition of the torts of maintenance and champerty and the more recent development of a litigation funding market in Australia; and the availability of contingency fees in the United States, Canada and the United Kingdom.
Specifically, I suggest that it is predictable that advertising will fail to lower prices when: (1) there is very little price advertising; (2) quality is vitally important yet impossible to assess, and, to make matters worse, some consumers incorrectly believe that advertising and quality go hand in hand; and (3) payment of attorneys' fees is discounted in consumers' minds because it is uncertain (given contingency fees' no-win, no-pay feature) and, even if fees are to be paid, fees are deducted from recoveries long after attorney retention.
Many people on the risk management side fear that this is the first step towards the major brokers all reinstituting contingency fees without transparency.
To determine what, if any, effect contingency fee limitation statutes have on medical malpractice insurance premiums, this Note separates states into four groups based on the status of their contingency fee limitations between 1999 and 2004: (1) states with "strict" contingency fee limitations, (2) states with "weak" contingency fee limitations, (3) states with judicial review of contingency fees, and (4) states with no restrictions on contingency fee limits.
To fully understand how contingency fees affect the outcome of a signaling game, it is important to analyze the alternative information structure under which an informed defendant makes a single offer to an uninformed plaintiff.
* June 24 -- Contingency fees and "Consumer Bill of Rights"
Indeed, the market seems so unlike other markets for goods and services that readers may think Brickman adventurous for even using the word "market." Just as law-and-economics scholars can use phrases like "marriage market" to signal that putatively nonmarket behavior may reflect economic logic, so too does Brickman's use of the word emphasize that we cannot evaluate contingency fees merely by considering questions of ethics.
2207 sets a statute of limitations of three years after the date of injury or one year after claimant discovers the injury, with certain exceptions; limits non-economic damages in liability cases to $250,000 and makes each party liable only for damages directly proportional to that party's percentage of responsibility; allows the court to restrict payment of attorney contingency fees and limits fees to a percentage based on the award; prescribes qualifications for expert witnesses; and authorizes award of punitive damages only where: (1) it is proven that a person acted with malicious intent to injure the claimant or deliberately failed to avoid unnecessary injury the claimant was substantially certain to suffer; and (2) compensatory damages are awarded.
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.
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