Contingency Fee Agreements In Philadelphia

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

Description

The Contingency Fee Agreement with an Attorney or Law Firm is a crucial document for establishing the relationship between a client and their attorneys in Philadelphia. This agreement outlines the client's retention of the attorneys to pursue a claim, typically for wrongful termination, detailing the scope of their employment and the claims involved. Key features include a clear structure for the calculation of attorneys' fees, with different percentages based on whether the matter is settled out of court, resolved at trial, or subject to appeal. It also specifies that clients are responsible for any advanced costs incurred by attorneys, highlighting the financial obligations clients should anticipate. The document grants attorneys a lien on any recovery which serves to secure their fee, emphasizing the importance of understanding the financial implications of the agreement. Attorneys may employ expert witnesses and associate counsel at their discretion, which can be essential in complex cases. For the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, this agreement provides a comprehensive framework for managing expectations and responsibilities. The clarity and specificity of the terms not only protect the interests of the attorneys but also reassure clients regarding their rights and obligations.