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LSDefine

Simple English definitions for legal terms

defense contingent fee

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A quick definition of defense contingent fee:

A defense contingent fee is a type of fee that a lawyer charges only if they win the case or settle it in favor of their client. The fee is usually a percentage of the amount the client receives as compensation. A reverse contingent fee is a fee in which a defense lawyer's compensation depends on how much money they save the client, given the client's potential liability. The lower the settlement or judgment, the higher the lawyer's fee.

A more thorough explanation:

A defense contingent fee is a type of fee charged by a lawyer for their services only if the lawsuit is successful or is favorably settled out of court. This fee is calculated as a percentage of the client's net recovery, such as 25% of the recovery if the case is settled, and 33% if the case is won at trial.

For example, if a client hires a lawyer for a personal injury case and the lawyer charges a 30% contingency fee, and the case is settled for $100,000, the lawyer would receive $30,000 as their fee.

Reverse contingent fee is a type of fee in which a defense lawyer's compensation depends on how much money the lawyer saves the client, given the client's potential liability. The lower the settlement or judgment, the higher the lawyer's fee. For instance, if a client might be liable for up to $2 million, and agrees to pay the lawyer 40% of the difference between $1 million and the amount of the settlement or judgment, then a settlement of $800,000 would result in a fee of $80,000 (40% of the $200,000 under the threshold amount of $1 million).

These examples illustrate how a defense contingent fee and reverse contingent fee work in practice. They show how lawyers can be incentivized to work harder to win a case or negotiate a better settlement for their clients, as their fees depend on the outcome of the case.

Defense Commissary Agency | Defense Contract Audit Agency

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20:38
prolly have a lil family and hobbies what loosers
hahah losers like what? you travel? have a life? not me, i'm reading every line of a contract while my seniors go play golf and enjoy like hahaha suckers
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yea inverse perspective, what is fun is not fun and what is not fun is fun
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you get it.
i wanna be able to travel a ton too
my ex just posted a harry potter related joke i think i dodged a bullet
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Im only going to law school to recruit members for the revolution
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nice where u wanna go? yea bullet dodged fr
can we join even if we're not at ur school
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yeah but youd be in a different chapter
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are we revolting against people who do not use their signal whilst driving?
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We’re revolting against the man, man
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Power does not flow from the sleeve of a judges robe to paraphrase
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MrThickRopes
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the unction
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just got a DUI while drinkin an NA beer in my car
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someone help is some1 a hoya lowya here?!
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Yoooo wtf
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MrThickRopes
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Me too bruh they praying on my downfall fr
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bruh i got ppl tryna make my head a brain smoothie
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serve me with some margarita mix and agave sweetener and summ
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