contingency fee

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contingency fee

n.
A fee, as for an attorney's services, that is payable only in the event of a successful or satisfactory outcome.

contingency fee

n
(Law) a lawyer's fee that only becomes payable if the case is successful
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.contingency fee - a fee that is payable only if the outcome is successful (as for an attorney's services)
fee - a fixed charge for a privilege or for professional services
Translations

contingency fee

n (US Jur) → Erfolgshonorar nt
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References in periodicals archive ?
Reverse contingent fees operate similarly to a traditional contingent fee, but instead the fee is based on a percentage of the amount saved by the client in the litigation.
com)-- New York attorney Michael Johnson has given the legal profession a very strong signal the days of contingent fee (commonly referred to as “no win no fee”) lawsuits may be coming to an end.
However, under oral or written contingent fee contracts that limit the expert's compensation to the court award, the condemnee pays no expert fees and incurs no contractual liability for expert fees.
Unbeknownst to many, several taxing jurisdictions have assigned the "discovery" of non-filers, and the valuation, assessment, and collection functions to private third-party contingent fee agents popularly (and derisively) called "ferrets" or "bounty hunters.
Separately, the Company noted that its results of operations for 2005 and 2006 would continue to be adversely affected by substantial legal expenses incurred in defending the false claims litigation brought against it and other defendants by contingent fee law firms Williams & Connolly and Phillips & Cohen, both of Washington D.
Susman Godfrey prefers to handle plaintiff's work on a contingent fee basis so that we get paid only if we win and our financial interests are completely aligned with our clients' interests.
27 clarifies the rules governing the prohibition on practitioners receiving a contingent fee for positions taken or to be taken on an original tax return.
The other extols the virtues of the contingent fee as being the "poor man's key to the courthouse.
Simply stated, tax administrators may find contingent fee contract audits attractive because (1) revenues can be increased without all the related expenses since the auditor is paid on a contingent fee basis, (2) pressures to hire additional staff to conduct audits is alleviated, and (3) out-of-state travel cost can be reduced or eliminated from an agency's budget if it is covered by the contingency fee.
On October 12,2012, Tax Executives Institute filed the following comments with the Canadian Department of Finance on a government consultation relating to the use of contingent fee arrangements in prosecuting claims for the Scientific Research & Experimental Development (SR&ED) tax incentives.
In 2007, Circular 230 was revised to generally prohibit attorneys, CPAs, and other practitioners from entering into contingent fee arrangements for services rendered in connection with any matter before the Internal Revenue Service (IRS), including the preparation and filing of claims for refunds after a taxpayer has filed its original tax return, but before the IRS has initiated an audit of the return.