Common Contracts
2 similar Hybrid Fee Agreement contracts
Barry P. GoldbergHybrid Fee Agreement • June 10th, 2011
More contingency fee lawyers are being asked to prosecute business litiga- tion cases. More hourly-based business litigation lawyers are being asked to prose- cute cases on a contingency fee. A straight contingency fee agreement is not well- suited for business litigation because a business client may not see a case through to its conclusion, may opt for a settlement which does not include cash, or may change lawyers right when the case appears more valuable. A reasonable alternative is to insist on a “hybrid” fee agreement wherein the attorney is paid a reduced hourly rate, but accepts an “upside” on contingency.
ContractHybrid Fee Agreement • June 1st, 2011
