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 ?
Faricy responded that it expected to be paid the contingent fee on the Home Liquidator case, which settled for $21.
One current controversy in the tax arena is the use of contract auditors paid on a contingent fee basis to perform state and local taxpayer audits.
The alternatives are identical, except that alternative 1 contains the following provision in new subdivision (e)(4) that is not contained in alternative 2: "The court or applicable tribunal, after reviewing the totality of all relevant circumstances, may also adjust the fee of the primary lawyer, including so that the combined fee of both the primary lawyer and the extraordinary lien and subrogation lawyer do not exceed the contingent fee schedule for personal injury and wrongful death matters set forth in this rule.
As a result, it's perfectly natural and understandable that inside lawyers often want to pass on challenges to outside counsel in the form of alternative or even fully contingent fee arrangements.
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.
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.
The common law rule in most jurisdictions is that it is improper to pay an occurrence witness any fee for testifying and that it is improper to pay an expert witness a contingent fee.
In addition, a practitioner is generally prohibited from charging a contingent fee for representing a client before the IRS (Circular 230, [section] 10.
The changes in the Chartered Accountants Ordinance 1961 which were accorded approval include empower the council to make final decision instead of referring matters to the High Court, allow the Institute to call for information in connection with Quality Assurance work, bring changes in composition of the Council, allow members of ICAP to charge contingent fee, enhance penalties for professional misconduct infringements, allow advertising and soliciting of work within bounds and other ancillary amendments.
But what if the personal injury lawyer does not yet have his contingent fee in hand ?