Sample Contingency Fee Agreement

The lawyer, instead of being paid by the hour, receives part of the total amount of funds collected by the other party as a result of a settlement or judgment. This is often due to 2 factors, 1) The client cannot afford to pay the lawyer by the hour and 2) The lawyer`s share in the product would exceed the amount if they were paid by the hour. Please note that the 331/3% levy fee is made available for illustrative purposes in the OTLA contingency fee agreement. Missouri Rule of Professional Conduct 4-1.5 requires a written fee agreement in honorarium representations. The details needed in a fee agreement are defined by the circumstances. A lawyer is required to communicate with the client to the extent reasonably necessary to enable the client to make informed decisions about representation. . . .

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