This form is a attorney-client contract agreement based upon a contingency fee. The amount of the contingency fee is 50% of any recovery.
Nevada Attorney Fee Contract - Contingency - 50%
Category:
State:
Multi-State
Control #:
US-PI-0309
Format:
Word;
Rich Text
Instant download
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How to fill out Attorney Fee Contract - Contingency - 50%?
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FAQ
A contingent fee agreement shall be in writing, signed by the client, and shall state, in boldface type that is at least as large as the largest type used in the contingent fee agreement: (1) The method by which the fee is to be determined, including the percentage or percentages that shall accrue to the lawyer in the ...
In your initial meeting with your lawyer, you should discuss the lawyer's fees and the fee arrangement. Your fee agreement should set out the services the lawyer will perform for you, the types of fees, and the amount you should expect to pay.
In a standard contingency fee agreement, the plaintiff is only responsible for paying their attorney if they win the case. In these instances, the payments are percentages of the winnings.
The term ?contingency fee? refers to a type of fee arrangement in a case in which an attorney or firm agrees that the payment of legal fees will be contingent upon the successful outcome of the case.
A typical contingency fee percentage is anywhere from 30 to 40% of your recovery. Your contingency fee agreement will set out the exact percentage. These percentages are often staggered so that your lawyer will get a higher percentage if the case goes to trial ? which requires more time and work for their law firm.
That is, generally in a contingency fee agreement, the lawyer only receives compensation if the lawyer has successfully represented the client. Further, the amount the lawyer receives is contingent upon the result the lawyer obtains and often on the phase of litigation in which the dispute settles.
In a contingent fee arrangement, the lawyer agrees to accept a fixed percentage (often one-third to 40 percent) of the recovery, which is the amount finally paid to the client. If you win the case, the lawyer's fee comes out of the money awarded to you.