Contingency fee

Fee for an attorney’s services only if the plaintiff’s (patient’s) lawsuit is successful or is favorably settled out of court. The fee is calculated as a percentage of the client’s net recovery (e.g., 25% of the recovery if the case is settled and 35% if the case is won at trial). If no settlement, the attorney is not paid. Also called contingent fee, contingency, or conditional fee.

Leave a Reply

Your email address will not be published. Required fields are marked *