This form is a attorney-client contract agreement based upon a contingency fee. The amount of the contingency fee is 50% of any recovery.
Oklahoma Attorney Fee Contract - Contingency - 50%
Category:
State:
Multi-State
Control #:
US-PI-0309
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Attorney Fee Contract - Contingency - 50%?
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FAQ
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.
Most personal injury lawyers in California take between 33 to 40 percent of each settlement or award they win, but can go as high as 50 percent depending on the complexity of the case. This reflects cases taken on a ?contingency fee? basis.
However, a legal professional's rate can range from 25% to 75%, depending upon a number of factors. These percentages often depend on your lawyer's experience, the laws of the state you live in, whether or not your case goes to trial, as well as the complexity of your 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.
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.
What is the hourly rate of a lawyer in Oklahoma? The hourly rate for a lawyer in Oklahoma is between $361 and $131 per hour, with the average being $235.