Damage based agreement

Damage based agreement

A lawyer’s fee calculated as a percentage of the claim proceeds, with a smaller or no fee payable if the client loses.  Lawful in the US (called a ‘contingency fee’) and will become lawful in England if the Legal Aid, Sentencing and Punishment of Offenders Bill becomes law.  The lawyer’s percentage may be capped under the UK legislation. 

Glossary

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