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LSDefine

Simple English definitions for legal terms

success billing

Read a random definition: innocuae utilitatis

A quick definition of success billing:

Success billing is a way for lawyers to charge their clients based on the positive outcome of their work. Instead of charging by the hour, the lawyer and client agree on a set amount of money that the client will pay if the lawyer achieves a certain goal, such as winning a lawsuit or negotiating a successful business deal. This method is often used in litigation cases, but can be applied to other legal matters as well.

A more thorough explanation:

Definition: Success billing is a way for lawyers to charge clients based on the positive outcome of their services. Instead of billing clients by the hour, lawyers using success billing charge clients based on the results they achieve.

For example, if a lawyer helps a client win a lawsuit, they might agree to a success billing arrangement where the lawyer gets a percentage of the settlement amount. This means that the lawyer only gets paid if they are successful in achieving a favorable outcome for the client.

Another example of success billing is in corporate mergers. If a lawyer helps two companies merge successfully, they might agree to a success billing arrangement where the lawyer gets a percentage of the profits generated by the merger.

These examples illustrate how success billing incentivizes lawyers to work hard to achieve the best possible outcome for their clients. It also allows clients to have more control over their legal costs, as they only pay if the lawyer is successful.

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Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
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