Contingency Fee In Law In Ohio

• 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 specifies the arrangement between a client and their attorneys regarding payment for legal services based on the outcome of a claim, particularly focusing on wrongful termination cases in Ohio. Under this agreement, attorneys are compensated with a percentage of the net recovery, contingent upon whether the case settles before trial, during trial, or after an appeal, with specified percentages to be filled in. Additional costs incurred by the attorneys must be reimbursed by the client, indicating a structured approach to managing expenses, including expert witness fees and travel costs. The agreement grants attorneys a lien on any settlement or judgment amount for the fees and costs involved, ensuring they are compensated even if discharged by the client prior to settlement. The document outlines the process for utilizing expert testimony and associate counsel to enhance the client's case. It is particularly useful for attorneys, partners, and legal assistants in ensuring clarity of financial arrangements, as well as establishing protocols for delegation and withdrawal. The contract emphasizes a clear understanding of the client's obligations and the potential implications of settling without attorney consent, making it a critical tool in legal practice. Ultimately, this form serves to protect both the client's interests and those of the attorneys, fostering a transparent legal partnership.