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The average cost of a contingency is between 30% ? 60% depending upon the number of possible wins for a client, the strengths of the case, or other factors. Contingencies fees can be up to 50% and 15% in large cases.
Contingency-based pricing refers to a price based on taking a share of the results provided. It's usually set as a percentage of the value, especially when that value can be easily quantified.
In the United States, lawyers are unable to use contingency fees for criminal cases, divorce and family law cases, and domestic relations cases, with similar rules in Canada. With criminal cases, there is usually no financial recovery, so using a contingency agreement to cover payment would be useless.
US OGE. The term ?contingency fee? refers to a type of fee arrangement in a case in which an attorney or firm agrees that the payment of legal fees will be contingent upon the successful outcome of the case.
A contingency fee agreement is the document that defines and governs the attorney-client relationship and sets out the rights and responsibilities of the attorney and client during and after representation.