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.
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A registered public accounting firm is not independent of its audit client if the firm, or any affiliate of the firm, during the audit and profession al engagement period, provides any service or product to the audit client for a contingent fee or a commission, or receives from the audit client, directly or indirectly, a contingent fee or commission.
A lawyer on behalf of the client must petition for approval of a fee agreement for extraordinary lien resolution services if the combined fees of the primary lawyer and the extraordinary lien and subrogation lawyer exceed the contingent fee schedule for personal injury and wrongful death matters set forth in this rule at the outset of representation by the extraordinary lien and subrogation lawyer.
That's what a negotiation about billing rates or fee caps is for, not contingent fees.
The consultation document intimates that claims filed on a contingent fee basis may be either more expensive or less reliable (or "more aggressive") than claims filed using traditional billing methods.
2003) ("Where witnesses under contingent fee agreements are permitted to testify, examination on the contingent fee is considered vital."); Wheeler v.
Although only specific jurisdictions (such as the United States and some parts of Canada) permit some variation on contingent fee arrangements, such arrangements are increasingly popular in the United States--in large part because clients pay only upon a successful result.
A bill that would clarify that attorney-owned businesses should be treated like all other businesses and be allowed to deduct costs related to contingent fee cases in the year that the costs are incurred has passed the U.S.
A natural question--which we can address using our model is then why the lawyer's contingent fee is not one-half of the award, nor two-thirds, but one-third.
In a 2004 report denouncing the spread of contingency fee limitations, the American Bar Association's Task Force on Contingent Fees (Task Force) disputed the claim that contingent fee limitations prevent frivolous medical malpractice lawsuits.
Generally, the government views contingent fee arrangements in sales or marketing contracts contrary to public policy, because of the potential for improper influence.
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