Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Does the initial contingency fee agreement matter when structuring a fee?

April 26, 2017Agreement Contingency fee initial structuring

0

10 Posted

Does the initial contingency fee agreement matter when structuring a fee?

1 Answer

0

10 Posted

Yes. Ideally, the contingency fee agreement with the client specifies that the attorney can accept all or a portion of fees earned in the form of periodic payments. It is recommended to include this provision in every fee agreement. If it is not in the existing contract, it is a still a good idea to amend the fee agreement, even if that amendment occurs simultaneous to the settlement.