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.
In addition to capping monetary awards for pain and suffering and other noneconomic damages at $250,000, the measure would limit contingency fees to 33.
Plaintiff's attorneys taking cases on a contingency fee basis generally use one of two kinds of contractual fee agreements: net fee arrangements or gross fee contracts.
If lawyers were permitted to enter into contingency fee agreements, clients would only have access to legal advice from a source with a direct financial interest in the litigation.
In his studies of contingency fee practitioners, Kritzer has found "no appreciable evidence" that lower contingency fees are charged by the lawyers who experience less success.
In Quanstrom the Florida Supreme Court classified three kinds of cases in which a contingency fee multiplier might be appropriate:
Instead, our contribution lies in the analysis of how these specific contingency fee contracts affect pretrial settlement patterns.
The higher the contingency fee that a lawyer receives, the harder that lawyer is likely to negotiate.
Attorneys get involved in three out of every four of these types of claims, and they have no incentive for quick resolution when additional delay and conflict can drive up the total benefit award and, with it, the attorney's contingency fee.
1, 1994), reprinted in Michael Horowitz, Making Ethics Real, Making Ethics Work: A Proposal for Contingency Fee Reform, 44 EMORY L.
She previously had signed a contingency fee agreement granting her attorney one-half of all collections.
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