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Contingency Fee Agreement with an Attorney or Law Firm

Contingency Fee For In Arizona

Q: Are attorney fees recoverable in Arizona?

In Arizona, A.R.S. 12.341. 01 provides that the prevailing party in a lawsuit may recover its attorney&#039;s fees in any action arising out of a contract.

Category:

Attorneys - Fee Agreements

State:

Multi-State

Control #:

US-00442BG

Format:

Instant download

Description

The Contingency Fee Agreement is a legal document utilized in Arizona, outlining the terms under which a client retains an attorney or law firm to handle a wrongful termination claim. It specifies the fees the attorney will receive as a percentage of the net recovery, differentiating between outcomes of settlement out of court, trial, and appeal. Clients are responsible for additional costs and expenses incurred by the attorneys, which may be billed periodically. The agreement ensures that attorneys hold a lien on any recovery for their fees and costs. Furthermore, it allows for the employment of expert witnesses at the client's expense, where applicable. The form is designed for ease of use by legal professionals, allowing them to efficiently complete and edit the terms as necessary. It covers scenarios such as the potential discharge of the attorney by the client, emphasizing the attorney's entitlement to fees even if discharged before settlement. This form is particularly useful for attorneys, partners, and legal assistants working with clients who may lack legal experience, as it provides clarity on the financial obligations and processes involved in contingency fee arrangements.

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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.

Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.

Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.

If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.

We protect your documents and personal data by following strict security and privacy standards.

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FAQ

The average contingency rate falls between 20-40%, with most lawyers charging around 33% to 35% of the total amount recovered in a case. The exact percentage can vary depending on the complexity of the case, the lawyer's experience, and the stage at which the case is resolved.

12-341 - Recovery of costs. The successful party to a civil action shall recover from his adversary all costs expended or incurred therein unless otherwise provided by law.

In Arizona, A.R.S. § 12.341. 01 provides that the prevailing party in a lawsuit may recover its attorney's fees in any action arising out of a contract.

Contingent means that an event may or may not occur in the future, depending on the fulfillment of some condition that is uncertain. This term is often used in contracts where the event will not take effect until the specified condition occurs.