Contingency Fee
Counsel's fee taken as a percentage of recovery, payable only on success.
The mechanism that finances claimant-side aggregate practice by shifting risk from claimant to counsel. In portfolio practice the economics are those of a book rather than a case, which is precisely the concern adequacy analysis raises about aggregate settlement of individually owned claims.
See also
- Third-Party Litigation FundingOutside capital advanced against a share of litigation proceeds.
- Common Fund DoctrineThe equitable principle allowing counsel who create a fund to be paid from it.
- Adequacy of RepresentationThe requirement that the representative and counsel will fairly protect absent members' interests.
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