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A contingent fee or conditional fee is any fee for services provided where the fee is payable only if there is a favourable result. In the law, it is defined as a "fee charged for a lawyer's services only if the lawsuit is successful or is favorably settled out of court.. Contingent fees are usually calculated as a percentage of the client's net recovery."

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A contingent fee or conditional fee is any fee for services provided where the fee is payable only if there is a favourable result. In the law, it is defined as a "fee charged for a lawyer's services only if the lawsuit is successful or is favorably settled out of court.. Contingent fees are usually calculated as a percentage of the client's net recovery."

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no

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Ethiopia, ethiopia, what an unfortunate country, i'd prefer Gibraltar

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yes you will get the decent amount after the attorney took his contingent ffes. you will get the good amount

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My client Cantor, Dolce & Panepinto (www.cldplaw.com) recently discussed this in a blog post and hope it helps explain contingent fees to anyone conducting research or considering legal action:

A contingent fee arrangement is an agreement between an attorney and a client where the client agrees to pay the attorney a percentage of any money recovered through a favorable verdict or settlement. Under a continent fee arrangement, the attorney pays all the costs and absorbs all the expenses related to pursuing the lawsuit, including, but not limited to, filing fees; time spent conducting legal research, drafting and filing motions; negotiating settlements; preparing and trying the case; and expert witnesses. If the attorney does not recover any money, then the client does not owe the attorney anything.

A contingent fee arrangement is a cost-effective way for a plaintiff to finance a lawsuit. At times it may actually be the only way to finance a lawsuit because a plaintiff might not otherwise be able to afford it. After all, litigation can be very expensive and there are lawful tactics used by defendants and insurance companies to make the process take longer, thereby increasing the cost. Contingent fee arrangements are commonplace in personal injury cases.

Law firms often charge a slightly higher percentage if they have to take a case to trial than they charge if they are able to negotiate a settlement.

Source: http://www.cldplaw.com/2013/07/contingent-fee-agreements-explained/

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