Legal Contingency Fee In Wake

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

Description

The Legal Contingency Fee Agreement with an Attorney or Law Firm outlines the terms under which clients engage attorneys to represent them in claims, specifically focusing on wrongful termination cases. Key features of this agreement include stipulations about the attorney's fees based on the net recovery from the case, with specific percentages outlined for settlements outside of court, trial resolutions, and appeals. The form also clarifies the handling of costs incurred by attorneys during representation, ensuring these are reimbursed by the client on a designated schedule. Additionally, it establishes the attorney's lien rights on any claims to ensure payment for their services. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it clearly delineates the financial expectations and responsibilities involved in client representation. It protects both the client's interests and those of the attorneys by formalizing the employment relationship and outlining the procedures for various scenarios, such as discharges or client settlements without attorney consent. Understanding this form is essential for legal professionals, enabling them to effectively communicate the terms to clients and provide robust legal representation.