<P> A contingent fee or contingency fee ( in the United States ) or conditional fee ( in England and Wales ) is any fee for services provided where the fee is payable only if there is a favourable result . Although such a fee may be used in many fields , it is particularly well associated with legal practice . In the law , it is defined as a `` fee charged for a lawyer 's services only if the lawsuit is successful or is favorably settled out of court ... Contingent fees are usually calculated as a percentage of the client 's net recovery . '' </P>
<P> A contingent fee or contingency fee ( in the United States ) or conditional fee ( in England and Wales ) is any fee for services provided where the fee is payable only if there is a favourable result . Although such a fee may be used in many fields , it is particularly well associated with legal practice . In the law , it is defined as a `` fee charged for a lawyer 's services only if the lawsuit is successful or is favorably settled out of court ... Contingent fees are usually calculated as a percentage of the client 's net recovery . '' </P>
what is it called when a lawyer takes a percentage
what is it called when a lawyer takes a percentage
A contingent fee or contingency fee
A contingent fee or contingency fee