A contingent fee (also known as a contingency fee in the United States or a conditional fee in England and Wales) is any fee for services provided where the fee is payable only if there is a favourable result. Although such a fee may be used in many fields, it is particularly well associated with legal practice.
In the law, a contingent fee is defined as a fee charged for a lawyer's services that is payable only if a lawsuit is successful or results in a favorable settlement, usually in the form of a percentage of the amount recovered on behalf of the client.[1] Contingent fees may make it easier for people of limited means to pursue their civil rights since otherwise, to sue someone for a tort, one must first be wealthy enough to pursue such litigation in the first place.[2] Due to the risk of loss, attorneys will not take cases on a contingency basis unless they believe that the case has merit, although accepting cases on a contingency is not without risk.[3]
^Black's Law Dictionary (8th ed. 2004) p. 338.
^Sabbeth, Kathryn A. (2014). "What's Money Got to Do With It? Public Interest Lawyering and Profit". Denver University Law Review. 91: 463. Retrieved 14 October 2019.
^Kritzer, Herbert M. (2002). "Seven Dogged Myths Concerning Contingency Fees". Washington University Law Journal. 80 (3): 749. Retrieved 14 October 2019.
A contingentfee (also known as a contingency fee in the United States or a conditional fee in England and Wales) is any fee for services provided where...
system, a Knight's fee was what was given to a knight for his service, usually the usage of land. A contingentfee is an attorney's fee which is reduced...
medicine Contingent claim, in finance Contingentfee, in commercial matters Contingent liability, in law Contingent vote, in politics Contingent work, an...
of the legal professional in providing representation to a client. Contingentfee Legal expenses insurance Mariotti, Steve (2014). The young entrepreneur's...
How David Beats Goliath: Access to Capital for Contingent-Fee Law Firms is a 2011 book by American businessman and financial expert, Michael J. Swanson...
husband, billionaire J. Howard Marshall, he would be entitled to a contingentfee of roughly $5 million, five percent of any money she was awarded. Following...
the outcome of the case. The Texas Government Code requires that "[a] contingentfee contract for legal services must be in writing and signed by the attorney...
will case (1856–1864). However, the principles are relevant to modern contingentfee agreements between a lawyer and a client and to the assignment by a...
2307/1122577. JSTOR 1122577. S2CID 158524103. Danzon, Patricia M. (1983). "ContingentFees for Personal Injury Litigation". The Bell Journal of Economics. 14...
punitive damages awarded to plaintiffs in tort cases. (The typical contingentfee arrangement provides for the lawyer to retain one-third of any recovery...
billable hours than on contingentfees, which Soloff is well aware would specifically target Harvey (who operates on a contingentfee basis) hoping to earn...
jurisdictional matters, but litigants with the encouragement of lawyers on a contingentfee continue to shop for forums. Under international law there are different...
and Michael Horowitz, proposed the Early Offer model of allocating contingentfees. University of Virginia Law professor O'Connell and co-authors wrote...
hours are a flat rate for specific transactions, or the assessment of a contingentfee for the entirety of a given matter. Billable hours are typically measured...
Ryan LLC won a lawsuit against the IRS regarding Circular 230 rules on contingentfee arrangements that invalidates and permanently enjoins the IRS from prohibiting...
In any case, the fee is (as always) paid by the hiring company, not the candidate/hire. Contingent firms in some markets may quote fees in the range of...
litigant at the end of his or her case, known as a contingentfee in the United States, a success fee in the United Kingdom, or a pactum de quota litis...
injury cases (which are now dealt with under Conditional Fee Agreements, a species of contingentfee), and corporate cases. Family cases are also sometimes...
English law was less generous to the plaintiff in the following ways: contingentfee arrangements were restricted, English judges tried more decisions and...
United States, attorneys often represent clients on a "contingentfee basis" in which the attorney's fee is a percentage of the plaintiff's eventual compensation...
Weeks' victorious attorneys as to the division of fees among them (she had signed a contingentfee agreement for 40% of her recovery) did reach the Supreme...
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