The Concept and Implications of Contingency Fees in Legal Practice
The Concept and Implications of Contingency Fees in Legal Practice A contingency fee is a payment arrangement between a lawyer and a client in which the lawyer’s compensation depends on the outcome of the case. Instead of charging an hourly rate or a fixed fee, the lawyer receives a percentage of the client’s monetary recovery if the case is successful. If the case is lost, the lawyer does not receive any fee for their work. Read more…