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Contingency Fee Agreement with an Attorney or Law Firm

Contingency Fee Agreement Sample For Attorney In Bronx

Category:

Attorneys - Fee Agreements

State:

Multi-State

County:

Bronx

Control #:

US-00442BG

Format:

Instant download

Description

The Contingency Fee Agreement sample for attorney in Bronx is a legal document that outlines the terms under which a client hires an attorney to represent them in a claim, such as wrongful termination. This agreement specifies that the attorney's fees are contingent on the recovery, detailing different percentages based on whether the case settles out of court, goes to trial, or requires an appeal. The document also clarifies that the client is responsible for certain costs related to the case, such as expert witness fees and deposition costs, which must be paid on a regular basis. Additionally, it allows attorneys to employ expert witnesses or associate counsel at their discretion. The agreement emphasizes that attorneys do not guarantee a favorable outcome and provides them with a lien on any recovery. It outlines the conditions under which attorneys can withdraw from the case and specifies consequences if the client settles without consent from the attorneys. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants working in the Bronx, as it establishes clear expectations and protects the interests of both the client and the attorney throughout the legal process.

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FAQ

Typically, most construction projects use a contingency rate of 5% to 10% from the total project budget. This is typically enough to cover any unexpected costs that may arise throughout the project.

This contingency is normally calculated as a percentage. If the phase is 100 days of effort, contingency at 20% would be another 20 days. As the project progresses, the level of risk reduces as the requirements and issues become known, so the percentage will be reduced.

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.

The recommended percentage for a contingency fund is between 5-10% of the total budget, but this may vary depending on project complexity and past experiences.

Set aside a well-researched contingency amount, typically between 5% and 10% of the overall project budget.