Definitions for "Contingent fee"
Related Terms:
Contingency fee, Contingent fee agreement, Retainer fee, Retainer, Court costs, Fee, Closing cost item, Documentation fee, Attorney fees, Flat fee, Costs, Fees, Non-recurring closing costs, Acquisition fee, Service fee, Administrative fees, Courier fee, Escrow fee, Settlement costs, Service charge, Advance fee, Closing costs, Fee, Closing cost, Finders fee, Administrative fee, Administration fee, Filing fee, Dealer preparation fee, Termination fee, Up-front costs, Probate fees, Agency fee, License fee, Disbursements, Fees, Disbursement, Conditional fee agreement, Fee, Maintenance fee, Surcharge, Processing fee, Legal fees, Fees, Advertising fee, Set up fee, Transfer fee, Account fee, Cancellation fee
Fee that must be paid upon the occurrence of certain events.
charge made by an attorney dependent upon the outcome of the case; the amount is usually a percentage of the party's recovery
Any fee that is earned upon the occurence of some specified event. Example: Listing contracts usually specify that the listing agent will be paid a fee at closing.
Allows you to hire an expert lawyer from The Dolan Law Firm, without paying any money down, and without paying by the hour. Most lawyers charge two hundred ($200.00) to five hundred ($500.00) dollars per hour for their services. As the saying goes, talk is cheap unless a lawyer is talking! The Dolan Law firm only gets paid if you receive compensation for your damages either through a settlement or after a trial. We are paid a percentage of what we recover for you. Usually the fee ranges from 33 1/3% to 45% depending on the type and complexity of the case, whether a lawsuit has to be filed, and when and if your case settles or goes to trial. Most contingent fees are not set by law but are negotiable.
a fee based upon a percentage of the amount of money collected for the client
a fee which is only earned by the Lawyer if he is able to produce an award for you
an arrangement between an attorney and a client where the attorney agrees to represent the client for compensation fixed at a percentage of the amount recovered
an attorney's fee paid pursuant to an agreement between the plaintiff and the plaintiff's attorney under which the attorney will be paid a specified amount or percentage of the total recovery obtained for the plaintiff
a percentage of the monetary judgment or settlement
a percentage of the recovery that is paid at the conclusion of the case
a percentage of the total judgment or settlement you receive should you win your case
a preset percentage of your award upon the successful conclusion of your case
any fee that is conditional upon some event, usually a closing, occurring.
Compensation earned by an attorney or agent which is payable only upon the occurrence of an event which is usually the collection of money in behalf of the client. The contingent fee is usually computed as a percentage of the amount collected.
Why attorneys charge such a percentage of your winnings typically between one third and forty five percent. We believe that paying for legal services as they are consumed results in more cost effective representation for our clients. Most lawyers charge two hundred ($200.00) to five hundred ($500.00) dollars per hour for their services. This transfers the cost of marginal cases to strong cases. This does not reduce the cost of legal services but rather simply transfers them.
A charge that is paid if a specified event occurs.
Payment made only if a certain event happens.
A fee that must be paid if a certain event occurs.
A fee to be paid only in the event of successful results.
A contingent fee in the United States or conditional fee in the United Kingdom is any fee for services provided where the fee is only payable if there is a favourable result. In the law, this is the "no win, no fee" system.