The phrase "a contingent fee" is correct and usable in written English.
It is typically used in legal and financial contexts to refer to a fee that is dependent on the outcome of a case or transaction.
Example: "The lawyer agreed to represent me for a contingent fee, meaning I would only pay if we won the case."
Alternatives: "success fee" or "performance-based fee".
Under a settlement, a check for $3.9 million went directly to the plaintiff's lawyers under a contingent fee agreement, while Mr. Banaitis received $4.9 million for himself.
"A traditional bank is not set up to underwrite the primary asset of a contingent fee law firm," said Mr. Cody, the president of Counsel.
The contract for 2010, seen by The Economist, stated that Thomson was to pay the university an annual fee for co-branding and distribution rights, plus a "contingent fee" equal to 25% of any "qualifying" revenue generated by the service above that level.
Only in the largest and best cases would experienced attorneys be willing to commit themselves to a contingent fee in such circumstances.
Whether you pay your attorney hourly or on a contingent fee basis, factor in the cost of your attorney when you're addressing taxes.
The revenue-maximising auction consists of an up-front bid and a contingent fee, where the latter is chosen in a Pigouvian manner, so the winning agent's choice of exercise time maximises the seller's revenue.
But in Texas it is a felony to lobby the Legislature on a contingent-fee basis, because it can skew the incentives underlying public policy.
Trolls, moreover, often use lawyers to represent them on a contingent-fee basis (lawyers get paid only when they win), allowing trolls to defer significant legal costs that manufacturers, who generally must pay high hourly fees, cannot.
Litigations can go on for five years (or more), and a contingent-fee attorney working on a litigation must "carry" that case for the entire duration.
The result is that it is relatively easy for an investor with a meritorious case to find a contingent-fee attorney to handle it, even if it is a small case.
If you operate a contingent-fee law firm, then you'll benefit from this quick read.
