Contingency Fee Agreement Sample For Attorney In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00442BG
Format:
Word;
Rich Text
Instant download
Description
The Contingency Fee Agreement Sample for Attorney in Philadelphia is a legal form designed to outline the terms under which an attorney agrees to represent a client on a contingency fee basis. This type of agreement allows clients to pursue legal claims, such as wrongful termination, without upfront costs, as attorneys are compensated only upon a successful recovery. The document specifies attorney fees as a percentage of the net recovery, varying by the resolution method—settlement, trial, or appeal. It also details the payment of costs associated with legal representation and provides for attorney liens on any recovered amounts. This agreement allows attorneys to employ experts and associates at their discretion while protecting their right to fees even in the event of a client-initiated settlement. The document emphasizes that there are no guarantees of a favorable outcome for the client. This form is particularly useful for attorneys, partners, and legal staff involved in client representation, equipping them with a clear structure for client agreements and expectations concerning fees and responsibilities.
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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.
Contingency Contract Examples If you fail to secure the financing within the stipulated period, either party may terminate the contract without any legal consequences. Another simple example is a child who agrees with their parent that they would receive a new bicycle if they receive an A in a specific class.
