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Simple English definitions for legal terms

defense contingent fee

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A quick definition of defense contingent fee:

A defense contingent fee is a type of fee that a lawyer charges only if they win the case or settle it in favor of their client. The fee is usually a percentage of the amount the client receives as compensation. A reverse contingent fee is a fee in which a defense lawyer's compensation depends on how much money they save the client, given the client's potential liability. The lower the settlement or judgment, the higher the lawyer's fee.

A more thorough explanation:

A defense contingent fee is a type of fee charged by a lawyer for their services only if the lawsuit is successful or is favorably settled out of court. This fee is calculated as a percentage of the client's net recovery, such as 25% of the recovery if the case is settled, and 33% if the case is won at trial.

For example, if a client hires a lawyer for a personal injury case and the lawyer charges a 30% contingency fee, and the case is settled for $100,000, the lawyer would receive $30,000 as their fee.

Reverse contingent fee is a type of fee in which a defense lawyer's compensation depends on how much money the lawyer saves the client, given the client's potential liability. The lower the settlement or judgment, the higher the lawyer's fee. For instance, if a client might be liable for up to $2 million, and agrees to pay the lawyer 40% of the difference between $1 million and the amount of the settlement or judgment, then a settlement of $800,000 would result in a fee of $80,000 (40% of the $200,000 under the threshold amount of $1 million).

These examples illustrate how a defense contingent fee and reverse contingent fee work in practice. They show how lawyers can be incentivized to work harder to win a case or negotiate a better settlement for their clients, as their fees depend on the outcome of the case.

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19:11
Nah, the fucked up thing about therapists is they try and make you think your parents are your enemy 99% of the time and really they should be telling you that your parents have almost no effect on the rest of your life. If they can get you to keep focusing on your parents they can keep making money.
19:12
Yeah, my life really does flow in about 5 years periods.
19:12
My crypto also flows in 5 day epochs too.
19:16
what do you do with your days as an unemployed crypto guy? do you play an instrument or something
19:47
please lawd
19:47
forgive me
19:47
its time to go back to tha old me
19:50
this is what i feel like when i get one single drill question right
19:50
when u get one wrong ;(
therapist slander detected
1a2b3c4d26z
20:37
Anyone got any polymarket locks
1a2b3c4d26z
20:37
Is anyone in here cool like fr cool
1a2b3c4d26z
20:37
Like watch college football cool
1a2b3c4d26z
20:37
Or like
1a2b3c4d26z
20:38
Frat
1a2b3c4d26z
20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
20:40
no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
1a2b3c4d26z
20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
1a2b3c4d26z
20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
1a2b3c4d26z
20:54
I like Dean Z not sure why she gets slandered sometimes
1a2b3c4d26z
20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
21:07
okay I’ll check them out
21:40
hey so where do i see my LSAC GPA bc i know they calculate it differently
21:40
sorry new to dis
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