This form is a attorney-client contract agreement based upon a contingency fee. The amount of the contingency fee is 50% of any recovery.
Missouri Attorney Fee Contract - Contingency - 50%
Category:
State:
Multi-State
Control #:
US-PI-0309
Format:
Word;
Rich Text
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How to fill out Attorney Fee Contract - Contingency - 50%?
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FAQ
Contingent attorney fees are generally allowed by Missouri Supreme Court Rule 4-1.5(c). This is a special type of fee that allows people to get compensation for what they rightfully deserve without forcing the injured person or family to pay out of their own pocket before receiving their compensation allowed by law.
A typical contingency fee percentage is anywhere from 30 to 40% of your recovery. Your contingency fee agreement will set out the exact percentage. These percentages are often staggered so that your lawyer will get a higher percentage if the case goes to trial ? which requires more time and work for their law firm.
That said, the most common lawyer contingency fee average ends up being 33%, or ? of the total earnings of a case, but can go up to 40% (in some jurisdictions) as the complexity and risk involved in taking the case increases.
Contingency Fee. The term ?contingency fee? refers to a type of fee arrangement in a case in which an attorney or firm agrees that the payment of legal fees will be contingent upon the successful outcome of the case.
Contingency fee arrangements base the payment of the lawyer's fees upon the result of the case. If the contingency fee lawyer wins the case for their client, they will receive payment. If they are not successful, the client pays nothing.
In a contingent fee arrangement, the lawyer agrees to accept a fixed percentage (often one-third to 40 percent) of the recovery, which is the amount finally paid to the client. If you win the case, the lawyer's fee comes out of the money awarded to you.
What is the hourly rate of a lawyer in Missouri? The hourly rate for a lawyer in Missouri is between $381 and $150 per hour, with the average being $249.