Attorney fees (note that the use of the word 'attorney' connotes lawyers broadly: solicitors and barristers) are the costs of legal representation that an attorney's client or a party to a lawsuit incurs. Attorney's fees are assessed in a number of ways, usually set by contract in advance of the representation, including by billable hours, flat fees, or contingent fees. Attorneys who voluntarily accept work on behalf of indigent clients often work pro bono.
An upfront fee paid to a lawyer is called a retainer. Money within the retainer is often used to \"buy\" a certain amount of work. Some contracts provide that when the money from the retainer is gone, the fee is renegotiated.
In some jurisdictions, in a civil case, a lawyer for the plaintiff can take a case on a contingent fee basis. A contingent fee is a percentage of the monetary judgment or settlement. The contingent fee may be split among several firms who have contractual arrangements amongst themselves for referrals or other assistance. Where a plaintiff loses, the attorney may not receive any money for his or her work. Many countries prohibit contingent fees as entirely unethical. Most jurisdictions in the United States prohibit working for a contingent fee in family law or criminal cases.
In the United States, state laws or bar regulations, many of which are based on Rule 1.5 of the American Bar Association's Rules of Professional Conduct, govern the terms under which lawyers can accept fees. Many complaints to ethics boards regarding attorneys revolve around excessive attorney's fees
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Articles About Attorney Fees
Disgraced cyclist Lance Armstrong on Thursday was sued by a company that paid him about $12 million for three of his seven Tour de France wins that have since been stripped from him for his use of banned drugs. (Feb 08)
By IBTimes AU
The new X Factor judge certainly lives up to her old tune’s success. Even with mishaps in her life during the past years, Britney Spears is reportedly worth $32 million. (Oct 12)
Catherine Bosley, an Ohio TV newswoman, won a lawsuit against Hustler over publication of a picture showing her naked in a wet T-shirt contest. (Aug 17)
Although Kris Humphries and Kim Kardashian seemed to waste no time when they separated very publicly last year after only 72 days of marriage, legally divorcing is not proving as easy for them. (Aug 16)
Video Of MaryAnn Sahoury Breastfeeding Used As Pornography After 35-Year-Old Found Clip On Adult Website
MaryAnn Sahoury of New Jersey has filed suit against an Iowa production company after an instructional breast-feeding video she appeared in was taken by a third party and used to create pornography. (Aug 10)
The proposed $7.25 billion settlement in a private lawsuit brought by retailers against Visa Inc and Mastercard Inc could spell one of the most generous paydays in U.S. history for lawyers. (Jul 18)
By Reuters UK
Overselling a job opportunity to a coveted recruit might be commonplace, especially in the money-talks brokerage world. But firms can pay a price if managers fail to follow through on promises they make when wooing a new hire. (Jun 21)
Sam Zell, the Chicago real-estate mogul, has become so well-known for feasting on distressed assets that he's been called the "grave dancer." This week, Zell took the nickname to the next level: He's about to receive $70 million from a ghost. (May 26)
Former NBA all-star Dennis Rodman, is reportedly "extremely sick" and also "broke," according to court documents. He is also in no position to pay child or spousal support payments and could face jail time if he doesn't pay up to his third wife, Michelle Rodman. (Mar 28, 2012)
MORE TOPICS: COURT
Lauren Scruggs, the model and fashion writer who survived a tragic accident walking into an airplane propeller back in December, has rejected a $200,000 settlement offer and is suing the insurer of the airplane. (Mar 28, 2012)