20i Contingency Fee Affirmation - Oklahoma

20i Contingency Fee Affirmation is a legal document that was released by the Oklahoma Attorney General - a government authority operating within Oklahoma.

FAQ

Q: What is a contingency fee?
A: A contingency fee is a type of fee arrangement where the attorney's fee is dependent on the outcome of the case. If the attorney succeeds in obtaining a favorable outcome, they receive a percentage of the client's monetary recovery.

Q: Are contingency fees allowed in Oklahoma?
A: Yes, contingency fees are allowed in Oklahoma. They are commonly used in personal injury cases and other types of civil litigation.

Q: How much is the contingency fee typically?
A: The amount of the contingency fee can vary, but it is typically a percentage of the client's monetary recovery. The specific percentage is agreed upon between the attorney and the client before the representation begins.

Q: Is there a cap on contingency fees in Oklahoma?
A: No, there is no specific cap on contingency fees in Oklahoma. However, the attorney's fee must be reasonable and in line with prevailing market rates.

Q: What expenses are typically covered by the attorney's contingency fee?
A: In addition to the attorney's fee, the contingency fee arrangement may also cover expenses related to the case, such as court filing fees, expert witness fees, and other litigation costs. It is important to discuss and clarify what expenses are included in the contingency fee agreement.

Q: Do I have to pay any fees if the attorney does not win my case?
A: No, with a contingency fee arrangement, you typically do not have to pay any fees if the attorney does not win your case. The attorney only receives a fee if they are successful in obtaining a favorable outcome.

Q: Are there any risks associated with a contingency fee arrangement?
A: While a contingency fee arrangement can be beneficial for clients who cannot afford upfront legal fees, there are some risks to consider. If the attorney is not successful in obtaining a favorable outcome, you may still be responsible for other expenses related to the case.

Q: Can I negotiate the percentage of the contingency fee?
A: Yes, you can negotiate the percentage of the contingency fee with your attorney. It is important to have a clear understanding of the fee arrangement before agreeing to representation.