CONTINGENCY FEE
\kəntˈɪnd͡ʒənsi fˈiː], \kəntˈɪndʒənsi fˈiː], \k_ə_n_t_ˈɪ_n_dʒ_ə_n_s_i f_ˈiː]\
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By Princeton University
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A method of paying a lawyer for legal representation by which, instead of an hourly or per job fee, the lawyer receives a percentage of the money her client obtains after settling or winning the case. Often contingency fee agreements -- which are most commonly used in personal injury cases -- award the successful lawyer between 20% and 50% of the amount recovered. Lawyers representing defendants charged with crimes may not charge contingency fees. In most states, contingency fee agreements must be in writing.
By Oddity Software
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"