Contingent Fee For Attorneys In Texas

• 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 is a legal document relevant to clients and attorneys in Texas. This form establishes an agreement where attorneys represent clients in claims, such as wrongful termination, charging a percentage of the net recovery as their fee. Key features include the percentages for fees based on whether the case is settled out of court, resolved through a trial, or involves an appeal. Additionally, it outlines the handling of costs and other expenses, detailing what clients are responsible for covering. Attorneys are allowed to employ experts and associate counsel at their discretion. The agreement grants attorneys a lien on any recovery, ensuring they are compensated for their services. Clients should know that if they settle a claim without attorney consent, they still owe fees based on the settlement amount. The document also emphasizes that success is not guaranteed and provides a power of attorney to facilitate necessary legal actions. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in representing clients under a contingency fee arrangement.