Contingency With Lawyer In Illinois

• 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 is a legal document that outlines the terms of engagement between a client and their attorneys in Illinois for pursuing a claim, typically involving wrongful termination. This form specifies the percentage of the net recovery the attorneys will earn based on whether the claim is settled out of court, resolved by trial, or appealed. Additionally, it details costs and expenses that the client may be responsible for, including expert witness fees and other necessary disbursements. Attorneys have the right to employ experts and associate counsel, with costs being billed to the client periodically. The agreement establishes the attorneys' lien rights on any settlement or judgment, ensuring their fees and expenses are recoverable. It also addresses scenarios where the client may discharge the attorneys, impacting their entitlements. The document emphasizes that favorable outcomes are not guaranteed and grants attorneys power of attorney to execute necessary legal documents. This agreement is particularly vital for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a clear framework for managing client relationships and expectations regarding compensation and responsibilities.