New York Contract to Employ Attorney on a Contingent Fee Basis with Retainer

• Category: Contracts - Attorney
• State: Multi-State
• Control #: US-0994BG
• Format: Word; Rich Text

Description

Contingency fees are an arrangement for payment for an attorney's services, in which the attorney is paid out of the recovery awarded to the client. Contingency fees are usually between a fourth and a third of the amount awarded. If the client doesn't recover, no fee is owed. Contingent fees are commonly arranged in personal injury cases and may allow persons to hire a lawyer when they could otherwise not afford to pay hourly rates. In some states the percentage (or the maximum percentage) that a lawyer may charge by way of a contingency fee is set by law. Contingent fees are not allowed in criminal matters and rarely permitted in family law cases. They are also referred to as contingent fees. A New York Contract to Employ Attorney on a Contingent Fee Basis with Retainer is a legal agreement that outlines the terms and conditions of hiring an attorney in New York on a contingent fee basis while also requiring the payment of a retainer fee. This type of contract is commonly used in situations where individuals or businesses require legal representation but may not have the financial means to pay for the attorney's services upfront. The main feature of this contract is the contingent fee arrangement, where the attorney's fees are contingent upon the successful outcome of the case or a settlement agreement. In other words, the attorney only gets paid if they are able to win the case or negotiate a favorable settlement on behalf of their client. This arrangement is particularly common in personal injury, medical malpractice, and other civil litigation cases. The contract also includes provisions regarding the retainer fee, which is a non-refundable upfront payment made to the attorney to secure their services. The retainer fee is typically based on an estimate of the total legal costs and is used to cover expenses such as court filing fees, expert witness fees, and other litigation-related expenses. Any unused portion of the retainer fee may be refunded to the client at the conclusion of the case. It is important to note that there may be variations of this contract based on the specific legal area or type of case. For example, there could be separate contracts for personal injury cases, employment disputes, or contract disputes. Each contract would outline the specific terms, conditions, and percentages for the contingent fee arrangement, as well as the retainer fee amount and payment schedule. In summary, a New York Contract to Employ Attorney on a Contingent Fee Basis with Retainer is a legally binding agreement that enables individuals or businesses to hire an attorney in New York on a contingency basis while also paying a retainer fee. This contract allows clients to access legal representation without upfront costs and provides the attorney with an incentive to achieve a positive outcome.

A New York Contract to Employ Attorney on a Contingent Fee Basis with Retainer is a legal agreement that outlines the terms and conditions of hiring an attorney in New York on a contingent fee basis while also requiring the payment of a retainer fee. This type of contract is commonly used in situations where individuals or businesses require legal representation but may not have the financial means to pay for the attorney's services upfront. The main feature of this contract is the contingent fee arrangement, where the attorney's fees are contingent upon the successful outcome of the case or a settlement agreement. In other words, the attorney only gets paid if they are able to win the case or negotiate a favorable settlement on behalf of their client. This arrangement is particularly common in personal injury, medical malpractice, and other civil litigation cases. The contract also includes provisions regarding the retainer fee, which is a non-refundable upfront payment made to the attorney to secure their services. The retainer fee is typically based on an estimate of the total legal costs and is used to cover expenses such as court filing fees, expert witness fees, and other litigation-related expenses. Any unused portion of the retainer fee may be refunded to the client at the conclusion of the case. It is important to note that there may be variations of this contract based on the specific legal area or type of case. For example, there could be separate contracts for personal injury cases, employment disputes, or contract disputes. Each contract would outline the specific terms, conditions, and percentages for the contingent fee arrangement, as well as the retainer fee amount and payment schedule. In summary, a New York Contract to Employ Attorney on a Contingent Fee Basis with Retainer is a legally binding agreement that enables individuals or businesses to hire an attorney in New York on a contingency basis while also paying a retainer fee. This contract allows clients to access legal representation without upfront costs and provides the attorney with an incentive to achieve a positive outcome.