Credit: TippaPatt/Adobe Stock Drafting Contingency Fee Agreements for Non-Monetary Victories
This article proposes language to include in retainer agreements to enable the monetization of non-monetary victories and compensate attorneys for all their work on behalf of their contingency clients.
September 16, 2021 at 10:00 AM
7 minute read
In a typical contingency fee arrangement, the successful attorney receives a percentage of "all sums recovered" by his or her client in a dispute or litigation. Oftentimes, this calculation is straightforward—the plaintiff recovers $X via settlement or verdict and the attorney takes a percentage of that recovery. But what about case-related victories that do not result in a direct recovery for the plaintiff, such as securing the dismissal of a counterclaim or obtaining declaratory or injunctive relief?
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