This form is a attorney-client contract agreement based upon a contingency fee. The fee percentage is included in the contract.
Oklahoma Attorney Fee Contract - Contingency - 33-1/3%
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Multi-State
Control #:
US-PI-0226
Format:
Word;
Rich Text
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FAQ
In conclusion, contractual contingent fee agreements may be based upon the aggregate of damages and statutorily-awarded attorneys fees if the agreement is consistent with the Oklahoma Rules of Professional Conduct, the agreement complies with the fifty percent (50%) maximum required by Okla.
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.
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.
In contrast to a fixed hourly fee, in a contingent fee arrangement lawyers receive a percentage of the monetary amount that their client receives when they win or settle the case.
Upon recovery, the lawyer is paid an agreed-upon percentage, usually ranging from an amount equal to 25% to 50% of the amount recovered.
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.
Usually, a personal injury lawyer will take one-third of your final settlement offer as compensation for their work. For example, a settlement of $10,000 would result in a $3,333 payment to your lawyer and $6,667 for you to take home.