Contingency Fee In Law Definition In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00442BG
Format:
Word;
Rich Text
Instant download
Description
The Contingency Fee Agreement is a legal document designed for clients engaging attorneys for representation, particularly in wrongful termination cases in Phoenix. It outlines that the client will only pay attorney fees if there is a successful recovery, with fees set as a percentage of the net recovery based on whether the case settles out of court, proceeds to trial, or undergoes an appeal. Key features include stipulations on costs and expenses that the client is required to cover, the establishment of an attorney's lien on the recovery amount, and the right of attorneys to withdraw from the case under certain conditions without forfeiting their fees. The agreement addresses scenarios such as client-initiated settlements without attorney consent and clarifies that attorneys make no guarantees regarding the outcome of the case. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for engagement, ensures proper fee structure, and protects the rights of both client and attorneys during legal proceedings.
Free preview
Form popularity
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.
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.
