Contingency Fee In Law In Georgia

• Category: Attorneys - Fee Agreements
• State: Multi-State
• 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 retains legal representation for a claim, commonly a wrongful termination case in Georgia. Key features include the percentage of the net recovery that will constitute the attorney's fees, which varies depending on whether the matter is settled out of court, resolved by trial, or appealed. The agreement also addresses costs and expenses the client may need to cover, such as deposition costs and expert witness fees, typically calculated on a regular basis. Importantly, it grants attorneys a lien on any recovery, ensuring they can deduct their fees before the client receives any settlement or judgment. This form is valuable for attorneys, partners, and legal assistants as it establishes clear financial arrangements and responsibilities, guiding their representation and financial interactions with clients. Additionally, the document facilitates appropriate expectations regarding the outcome of legal actions, stipulating that no guarantees can be made regarding success. It also provides provisions for the employment of expert witnesses and the potential discharge or withdrawal of attorneys. Overall, this agreement is vital for legal professionals managing contingency fee cases in Georgia, ensuring compliance with legal standards while protecting their interests.