What is Contingent Fee?
A contingent fee agreement shall be in a writing signed by the client. It must state the method for determining the fee, including the percentage to the lawyer upon settlement, trial or appeal; the expenses to be deducted; and whether such expenses are to be deducted before or after the contingent fee is calculated. It must identify the expenses for which the client is liable regardless of the outcome of the case. The lawyer must give the client a final statement, showing the remittance to the client and how it was calculated. Rule 1.5
Further Reading
For more detailed information, see our related Ethics terms:
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