Contingency fee

CONTINGENCY FEE - That fee which a person, often a lawyer, is entitled to per agreement upon the succes...
CONTINGENCY GRAPH - A plot of the net profit to a speculator in currency options under various exchange...

Contingency fees have an additional gamble for any client. Since the lawyer will get a fraction of what the client is awarded, they will want to do as little work as possible for the most amount of money.

Examples of some techniques commonly used to overcome or alleviate the agency problem would include: (1) profit-sharing bonuses, contingency fees, sales commissions, merit raises, ...

Attorneys, particularly those working on a contingency fee basis, may advance costs and other expenses for their clients.

Personal injury attorneys generally work on a 'contingency fee' basis. If the settlement is accepted or the court rules in favor of the injury attorney's client, the attorney receives a generous percentage of the final judgement.

This area is made more complicated by the practice of contingency fees - for example, when the lender receives money from the attorney and other agents to be the one used by the lender. Because of this, U.S.

See also: Contingency, Job, Expense, Saving, Personal finance