Contingency Rules In Chicago

• Category: Attorneys - Fee Agreements
• State: Multi-State
• City: Chicago
• Control #: US-00442BG
• Format: Word; Rich Text

Description

The Contingency Fee Agreement with an Attorney or Law Firm outlines the terms under which a client employs attorneys to handle their legal claims, specifically wrongful termination claims. This form details the contingency rules in Chicago, stating that attorneys are compensated through a percentage of the net recovery from settlements or judgments. Key features include provisions for attorney fees based on whether the case is settled out of court, resolved through trial, or requires an appeal. The agreement also describes the management of costs and expenses associated with the legal representation. It gives attorneys the ability to retain a lien on any recovery, which ensures their fees are prioritized. Furthermore, the document allows for the employment of expert witnesses and associate counsel at the attorneys' discretion. Attorneys may withdraw from representation but will retain rights to reimbursement for advanced costs. Importantly, it states that attorneys cannot guarantee a favorable outcome for the client. This form is particularly useful for attorneys, partners, and legal assistants by providing clear guidelines for contingency-based representation, thus ensuring both parties understand their rights and obligations in pursuing legal claims.