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Simple English definitions for legal terms

success billing

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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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KnowledgeableRitzyWasp
18:51
medicine is a scam
KnowledgeableRitzyWasp
18:51
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
cheriebomb
19:04
https://whitney.org/collection/works/62454
cheriebomb
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
cheriebomb
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
llama
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
llama
21:17
https://www.youtube.com/watch?v=z7_5nHIbsjo i love K Harris <3
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
chickenburgahfart
23:39
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
chickenburgahfart
23:51
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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