CONTINGENCY FEE
\kəntˈɪnd͡ʒənsi fˈiː], \kəntˈɪndʒənsi fˈiː], \k_ə_n_t_ˈɪ_n_dʒ_ə_n_s_i f_ˈiː]\
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By Princeton University
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A method of paying a lawyer for legal representation by which, instead of an hourly or per job fee, the lawyer receives a percentage of the money her client obtains after settling or winning the case. Often contingency fee agreements -- which are most commonly used in personal injury cases -- award the successful lawyer between 20% and 50% of the amount recovered. Lawyers representing defendants charged with crimes may not charge contingency fees. In most states, contingency fee agreements must be in writing.
By Oddity Software