There are various types of attorney fee arrangements such as time based, fixed, or contingent. Time based means a fee that is determined by the amount of time involved, such as so much per hour, day or week. Fixed means a fee that is based on an agreed amount, regardless of the time or effort involved or the result obtained. Contingent means a certain agreed percentage or amount that is payable only upon attaining a recovery, regardless of the time or effort involved.
With a contingent fee arrangement, the lawyer receives no fee unless money is recovered for the client. Upon recovery, the lawyer is paid an agreed-upon percentage, usually ranging from an amount equal to 25 to 50 percent of the amount recovered. A written fee agreement should specify the costs and expenses to be deducted and whether such costs and expenses are to be deducted before or after the contingent fee is calculated. Contingent fee agreements are generally not permitted for criminal cases or domestic relations matters.
Even if there is no recovery, however, the client is still responsible for court costs (filing fees, subpoena fees, etc.) and related expenses, such as telephone charges, investigators' fees, medical reports, and other costs.
This form is a fairly typical contingent fee agreement
A Michigan Contingency Fee Agreement with an Attorney or Law Firm is a legal contract between a client and an attorney or law firm, outlining the terms and conditions of their professional relationship when pursuing a legal matter. In this type of agreement, the attorney's fees are contingent upon the outcome of the case, meaning they will only be paid if the client receives a favorable settlement or judgment. Keywords: Michigan, Contingency Fee Agreement, Attorney, Law Firm, legal contract, client, professional relationship, pursuit, legal matter, attorney's fees, contingent, outcome, favorable settlement, judgment. There are different types of Michigan Contingency Fee Agreements tailored to specific legal scenarios, including: 1. Personal Injury Contingency Fee Agreement: When seeking compensation for injuries sustained due to someone else's negligence, a personal injury contingency fee agreement is commonly used. This includes cases involving car accidents, slip and falls, medical malpractice, or product liability. The attorney will only receive payment if they successfully recover a settlement or verdict on behalf of the client. Keywords: personal injury, compensation, negligence, car accident, slip and fall, medical malpractice, product liability, settlement, verdict. 2. Employment Contingency Fee Agreement: In employment-related disputes such as wrongful termination, discrimination, or wage and hour violations, an employment contingency fee agreement can be established. This allows individuals who may not have the financial means to hire an attorney upfront to seek justice for workplace-related issues. Attorneys will receive a payment contingent upon a successful outcome. Keywords: employment, dispute, wrongful termination, discrimination, wage and hour violations, workplace, justice, financial means. 3. Medical Malpractice Contingency Fee Agreement: Medical malpractice cases involve instances where a healthcare professional's negligence leads to harm or injury. To make legal action accessible to victims of medical malpractice, a specific contingency fee agreement caters to these cases. The attorney will receive a payment only if they successfully litigate the claim and recover damages for the client. Keywords: medical malpractice, healthcare professional, negligence, harm, injury, legal action, accessibility, victims, litigate, damages. 4. Class Action Contingency Fee Agreement: Class action lawsuits involve a group of individuals with similar claims against a common defendant. In such cases, a contingency fee agreement allows an attorney or law firm to represent the entire class collectively. The attorney will be paid a percentage of the eventual settlement or award secured on behalf of the entire class. Keywords: class action, group, claims, common defendant, represent, collective, eventual settlement, award. Regardless of the specific type of contingency fee agreement in Michigan, it is crucial for both the client and the attorney to carefully review and understand the terms and conditions before entering into this arrangement. It is recommended to consult with a legal professional to ensure all legal requirements and obligations are met for a successful attorney-client relationship under the chosen contingency fee agreement.
