A contingent fee shifts the attorney’s compensation onto case outcome rather than hours.
Evidence
If the lawyer’s efforts net the client a large award, the lawyer shares in the good fortune. However, if the client receives — nothing, neither does the attorney. Thus, a contingent fee is much like the commission paid to a real estate broker, who receives no fee if the property does not sell. — G. Alan Tarr, Judicial Process and Judicial…, 1145
Categorization
- DEFINE: The broker-commission analogy crystallizes how the contingency arrangement allocates risk between lawyer and client.
- XREF: connects to: Contingent fees can create attorney-client conflicts over settlement versus trial. — G. Alan Tarr, Judicial Process and Judicial…, 744; Attorneys treat contingent fee cases as a risk-and-reward portfolio. — G. Alan Tarr, Judicial Process and Judicial…, 743; Contingent fees dominate accident and product-injury civil litigation (+1 more)
Broader Connections
- Contingent fees dominate accident and product-injury civil litigation
#corroborates(1.00) - Contingency-fee lawyers can collect fees exceeding any individual plaintiff’s recovery
#corroborates(1.00) — , Harr Jonathan - A Civil Action, 2878