contingency fee

noun

Definition of contingency fee

: a fee for services (as of a lawyer) paid upon successful completion of the services and usually calculated as a percentage of the gain realized for the client

called also contingent fee

Examples of contingency fee in a Sentence

Recent Examples on the Web That meant something like $1.3 billion was headed to Watts’s clients—an average of $32,000 per person, if the money was divided equally, which wasn’t likely—and $400 million in contingency fees for him and his investors. Francesca Mari, The Atlantic, "The Oil Spill, the Tort Lawyer, and the Clients Who Didn’t Exist," 16 Apr. 2020 Personal injury lawyers representing victims work on a contingency fee basis. Timothy D. Lytton, The Conversation, "Why offering businesses immunity from coronavirus liability is a bad idea," 1 May 2020 Investors might spread their money across a portfolio of cases to limit their vulnerability on any single one or, as in the arrangement Watts and his partners put together, take a cut of the contingency fee for an individual matter. Francesca Mari, The Atlantic, "The Oil Spill, the Tort Lawyer, and the Clients Who Didn’t Exist," 16 Apr. 2020 Cities and counties are represented by private lawyers, who work on contingency fees. Jan Hoffman, New York Times, "Opioid Settlement Offer Provokes Clash Between States and Cities," 13 Mar. 2020 And the Senate is pushing legislation to pay a contingency fee on collections to companies using data analytics to go after delinquent taxpayers. James Salzer, ajc, "Georgia House may go after ‘double deduction’ some get when they file income tax returns," 6 Mar. 2020 Bloom argued that Hollywood's percentage fee deals aren't contingency fee arrangements, but a Los Angeles Superior Court judge didn't buy it. Eriq Gardner, The Hollywood Reporter, "Johnny Depp Settles Dispute With Jake Bloom's Law Firm," 30 Oct. 2019 By contrast, local governments are using private lawyers, who work on contingency fees. Jan Hoffman, BostonGlobe.com, "States clash with cities over potential opioids settlement payouts," 5 Aug. 2019 By contrast, local governments are using private lawyers, who work on contingency fees. Jan Hoffman, New York Times, "States Clash With Cities Over Potential Opioids Settlement Payouts," 5 Aug. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'contingency fee.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of contingency fee

1905, in the meaning defined above

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Time Traveler for contingency fee

Time Traveler

The first known use of contingency fee was in 1905

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Statistics for contingency fee

Last Updated

23 May 2020

Cite this Entry

“Contingency fee.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/contingency%20fee. Accessed 8 Jul. 2020.

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More Definitions for contingency fee

contingency fee

noun

English Language Learners Definition of contingency fee

US : a payment that you make to a lawyer only if the lawyer wins your case in court

contingency fee

Legal Definition of contingency fee

see fee sense 2

More from Merriam-Webster on contingency fee

Rhyming Dictionary: Words that rhyme with contingency fee

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