This form is a attorney-client contract agreement based upon a contingency fee. The amount of the contingency fee is 50% of any recovery.
South Carolina 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
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.
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.
Contingent fees are unfair because plaintiffs are not allowed to recover the cost of the fee from the defendant--that is, add the fee to the judgment awarded. Plaintiffs must prove the economic worth of their injuries.
What are contingent fees? A client pays a contingent fee to a lawyer only if the lawyer handles a case successfully. Lawyers and clients use this arrangement only in cases where money is being claimed?most often in cases involving personal injury or workers' compensation.
A contingency fee case means the client pays nothing at all unless the lawyer wins the client money. Once you receive money from either a settlement or verdict, contingency lawyers receive a certain percentage of that settlement or verdict for our services.
Working on a contingency basis, however, is a very different process. Under this model, a lawyer's fee is contingent upon the attorney's ability to recover money for the client. The lawyer, if successful, receives a percentage of the recovery, rather than an hourly wage.
South Carolina Criminal Defense Attorney Fees Per Hour You can expect to pay anywhere from $150 to $500 per hour to hire a criminal defense lawyer in South Carolina. Often, if a lawyer has a $300 hourly fee, they may require a 10-hour retainer fee of $3,000.
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.