Contingency Fee For Consultant In Kings

• Category: Attorneys - Fee Agreements
• State: Multi-State
• County: Kings
• 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 attorneys to prosecute a wrongful termination claim. The key feature of this form is the contingency fee structure, where the client agrees to pay the attorneys a percentage of the net recovery depending on whether the matter is settled out of court, resolved through trial, or subjected to an appeal. The form also specifies the advance costs that the client will be responsible for, alongside provisions regarding attorneys' liens on the recovery amount. It allows attorneys to employ experts or associate counsel as needed, with expenses charged to the client. A notable element is that attorneys retain their fees even if the client discharges them prior to settlement. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides clear guidelines for fee arrangements, reimbursement for costs, and outlines the powers attorneys have in managing the case. It streamlines the legal process by setting expectations for both parties, ensuring transparency in financial and operational aspects of legal representation.