Contingency Agreement Sample With Cost In Illinois
Category:
State:
Multi-State
Control #:
US-00442BG
Format:
Word;
Rich Text
Instant download
Description
The Contingency Fee Agreement with an Attorney or Law Firm outlines the terms of employment between a client and their attorneys in Illinois, specifically relating to wrongful termination claims. Key features include a detailed explanation of attorneys' fees structured as a percentage of net recovery based on the outcome of the case, provisions for costs and expenses that may be incurred during representation, and stipulations regarding the attorneys' lien on any recovery. The form is designed for ease of use, allowing clients to clearly understand their financial obligations depending on case proceedings, whether settled out of court or through trial. This agreement emphasizes the attorneys' discretion in employing expert witnesses and associate counsel as needed. Additionally, it includes terms for withdrawal by attorneys and implications if a client settles without consent. Attorneys, partners, owners, associates, paralegals, and legal assistants can find this form beneficial as it clearly delineates expectations and responsibilities, ensuring both parties are aligned throughout the legal process.
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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.
