Contingency Fee Agreement Example In New York

• Category: Attorneys - Fee Agreements
• State: Multi-State
• Control #: US-00442BG
• Format: Word; Rich Text

Description

The Contingency Fee Agreement Example in New York is a legal document that outlines the terms under which a client engages attorneys to pursue a legal claim, typically for wrongful termination. This form specifies the percentage of the net recovery that attorneys will receive based on different outcomes, such as settling out of court or going to trial. It also includes provisions for costs and expenses incurred by attorneys, which will be covered by the client, as well as the attorneys' right to a lien on any settlement or judgment obtained. Additionally, attorneys have the discretion to hire experts and associate counsel at their expense while ensuring that all compensation is aligned with the agreed terms. The document is valuable for legal professionals as it provides a clear framework for attorney-client relationships, addressing potential scenarios like client discharge and settlement without attorney consent. Attorneys, partners, owners, associates, paralegals, and legal assistants can utilize this form to facilitate the representation process, maintain transparency with clients, and ensure compliance with ethical standards in legal practice.