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LSDefine

Simple English definitions for legal terms

contingent fee

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A quick definition of contingent fee:

A contingent fee is a way that lawyers get paid for their work. Instead of charging a fixed amount of money for their time, they get a percentage of the money their client wins in a lawsuit. This is common in cases where someone is hurt and wants to sue for money. The lawyer gets paid only if they win the case. The client may still have to pay some costs, like filing fees, even if they don't win. The lawyer has to write down the agreement with the client and tell them about any costs they might have to pay. Contingent fees are not allowed in some types of cases, like divorce or criminal cases. Some people like contingent fees because they can afford to sue when they wouldn't be able to pay a lawyer up front. Others don't like them because they think they encourage too many lawsuits or make lawyers settle cases too quickly.

A more thorough explanation:

A contingent fee is a way for lawyers to get paid for their services. Instead of charging a fixed hourly rate, a lawyer who works on contingency gets a percentage of their client's monetary award. This means that if the client doesn't win the case, the lawyer doesn't get paid.

Contingency fees are common in personal injury cases. For example, if someone is injured in a car accident and hires a lawyer on contingency, the lawyer might receive 33% of the amount the client is awarded in court.

However, there are rules that lawyers must follow when working on contingency. The agreement between the lawyer and client must be in writing and signed by the client. The agreement must also state how the fee will be determined and any expenses the client will be responsible for.

Some people think that contingency fees are good because they allow people who can't afford a lawyer to get one. They also give lawyers an extra incentive to win the case. However, others think that contingency fees encourage too many frivolous lawsuits and that the fees are often too high.

For example, if someone is injured in a slip and fall accident and hires a lawyer on contingency, the lawyer might receive a percentage of the amount the client is awarded in court. If the client doesn't win the case, the lawyer doesn't get paid.

Overall, a contingent fee is a way for lawyers to get paid for their services based on the outcome of a case. It can be a good option for clients who can't afford a lawyer, but it's important to understand the rules and potential drawbacks.

contingent beneficiary | contingent interest

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14:31
@NemoPropheta: mine was on a chill team so i had a good time, but apple works like a bunch of little companies that report to the same ppl so its a little isolating if you're not in the same office/don't go out much. i didn't take RO to intern again
14:32
i applied cold and happened to team match well from something i did on a prior internship
@Sex-Drive: we have entirely different living standards if you think 60k is "hardly anything to live off of:"
i make around that in a hcol area and feel like im balling out while saving over 20% of my income
@Sex-Drive: Seconding what Windy's saying. I live in a LCOL and I'm fully able to support myself and my family on my paycheck alone. $60k in a HCOL while single was living check to check.
14:55
[deleted by starfishies]
not to be a boomer but i think people need to realize that you are supposed to be broke in your early 20s
oh no its dk again
What did they even post?
probably calling me an anti-hispanic slur
if I want to transfer to nyu is it better to go to washu or cardozo
(also why does nyu accept so many transfers from brooklyn lmao, what other t125 will let you transfer that high)
15:07
transferring is grades dependent so "better" is a little weird to define - a lot of ppl don't want to give up schollys/networks for ranking purposes. that being said im going to dozo and hoping for a nyu transfer lol
15:08
i think they take a lot from brooklyn just by the nature of being a nyc school. 3 out of 15 transfers out of cardozo went to nyu last year which is technically a good sign but you'd consider that the rate of ppl at washu wanting to move to nyc and pay sticker after a year is probably lower than the rate of ppl at nyc schools who want to
15:09
i dont really know how important it is to be median vs 75th of transfer gpa but id imagine keeping a B+/A- average is pretty hard in 1L and easier said than done
15:58
my bitches shaking ass with they hand out
NosyBeagle
16:49
did someone say shaking ass
16:55
im crashing out
im locking in
I'm locking [my daughter] in [the basement]
18:17
Im in the [spread] sheets locked [tf] in
what do you guys think about nova southeastern is it a decent school
AngryMiniCar
10:09
I saw someone got a full-ride in exchange for deferring. I didn't even know that was a thing? Has it happened to anyone else?
AngryMiniCar
10:12
@GatorNation: I don't know that school all that well. But it's ranked really low and usually rankings don't matter much if you're just trying to practice. But I'd be careful and look on reddit. Cause some of these schools can be highkey predatory.
AngryMiniCar
10:15
Like some schools have a conditional scholarship that they take away from you at the drop of a hat and no faculty support in 1L so a lot of people get fucked. I know someone who got screwed by Western New England. Not saying that it is just that I wouldn't think of making it my go-to without digging into it.
10:23
Ok thank you!
10:35
check the 509 report, should show bar passage rate, employment data, and percent of students that retained their scholarship after 1L
lolla after show tickets used to be $20 and now they're fucking $70
I HATE U MUSIC INDUSTRY I HATE U LIVENATION
@GatorNation: are you trying to stay/go to florida for school?
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