CONTINGENT FEE

contingent fee.A fee charged for a lawyer’s services only if the lawsuit is successful or is favorably settled out of court. • Contingent fees are usu. calculated as a percentage of the client’s net recovery (such as 25% of the recovery if the case is settled, and 33% if the case is won at trial).—…

Read More

CONTINGENT

contingent (k<<schwa>>n-tin-j<<schwa>>nt), adj.1. Possible; uncertain; unpredictable <the trust was contingent, and the contingency never occurred>.2. Dependent on something else; conditional <her acceptance of the position was contingent upon the firm’s agreeing to guarantee her husband a position as well>. [Blacks Law 8th]

Read More