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It depends on the attorney, the type of case and the fee agreement. In the United States, contingency fees are standard in personal injury cases and are less common in other types of litigation. Most jurisdictions require contingent fees to be "reasonable", resulting in a typical contingent fee of 33-45% of any eventual recovery.
A contingent fee, or contingency fee, is an attorney fee that is made contingent on the outcome of a case. A typical contingent fee in a tort case is normally one third to forty percent of the recovery, but the attorney does not recover a fee unless money is recovered for the client. States prohibit contingent fees in certain types of cases.
Under a contingent fee arrangement, the attorney for the plaintiff faces no consequences, other than lost time and effort, for bringing a suit that loses, but he can collect huge fees (typically 30% to 40% of the damages awarded) if he wins.
Lawyer fees may be charged in a number of ways, including contingency fees, hourly rates, and flat fees. In many countries, personal injury lawyers work primarily on a contingency fee basis, sometimes called an if-come fee, through which the lawyer receives a percentage of a client's recovery as a fee, but does not recover a fee if the claim is ...
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This figure can then be adjusted upward or downward for certain factors known as multipliers, such as contingency and the quality of the work performed, to arrive at a final fee. Under the lodestar method, the most heavily weighted multipliers are the time and labor required. [1]
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Kennedy said he is contracted to receive 10% of contingency fees awarded to the firm. Ethics records show he intends to keep collecting fees related to past referrals.