A contingency fee is the payment that a lawyer will receive from a client if he wins their case. If the case is lost then no fee is paid to the lawyer.
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A contingency fee is a payment to an attorney for legal representation and services that depends on money damages being recovered. It’s the popular “No win, No fee” model. When compensation from a case is awarded, the law firm collects a percentage as payment. If the case is lost, the client does not pay a fee.