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Covering Costs in Contingent Fee Agreements

When you’re working for a contingent fee, i.e., you’ll be paid a percentage of the recovery, don’t forget to discuss the payment of costs in your fee agreement with your client. Here’s what you’ll need to include to be sure you cover costs. Continue reading

Read This Before You Go the Contingency Fee Route

ThinkstockPhotos-135547447Among the several alternatives to the traditional hourly fee arrangement, contingency fees have been commonly used for decades. Under a contingent fee agreement, the attorney and client agree that the attorney will receive a particular percentage of the client’s recovery or of the savings obtained for the client as a fee for legal services, if there is a recovery. The attorney takes on the risk with the potential for significant reward. Not surprisingly, there are statutory requirements for these types of agreements—and failing to comply with them is risky, too. Continue reading

The Contract that Binds: Your Fee Agreement

The contract binding you and your client is the fee agreement. This is not the time for simple boilerplate and formulaic thinking: Draft your fee agreements with care and attention to the particular case at hand.   Continue reading

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