This form is a attorney-client contract agreement based upon a contingency fee. The fee percentage is included in the contract.
Washington Attorney Fee Contract - Contingency - 40%
Category:
State:
Multi-State
Control #:
US-PI-0227
Format:
Word;
Rich Text
Instant download
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How to fill out Attorney Fee Contract - Contingency - 40%?
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FAQ
A retainer fee is an upfront fee paid by a client for the professional services of an advisor, consultant, lawyer, freelancer, etc. The fee is commonly associated with attorneys who are hired to provide legal services.
Hourly rates in Washington Lawyers in Washington typically charge between $87 and $402 per hour, with the average being $288. For comparison, District of Columbia has the highest average hourly rate at $392 while West Virginia has the lowest average hourly rate at $162.
The four types of retainer fees are true, nonrefundable chargeable, nonrefundable nonchargeable, and refundable. A true retainer is used to ensure an attorney's availability. A nonrefundable chargeable retainer is applied to the costs of an attorney's services but is not refundable if it is not used.
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 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.
What are Contingency Fee Agreements? Contingency Fee Agreements are agreements for legal representation where the attorney does not take a retainer or up-front fee from the client for the attorney's legal services.
A contingent fee agreement is a legal agreement that allows you to hire a lawyer for your case without having to pay any out-of-pocket upfront fees unlike a retainer fee. The lawyer getting payment is contingent on you winning your case. If you do not win your case, you don't have to pay your contingency lawyer.
Contingency Fee. 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.