Editing Contingent fee (section)

{{Short description|Fee payable only if there is a favourable result}}
A '''contingent fee''' (also known as a '''contingency fee''' in the [[United States]] or a '''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]], a contingent fee is defined as a fee charged for a lawyer's services that is payable only if a lawsuit is successful or results in a favorable settlement, usually in the form of a percentage of the amount recovered on behalf of the client.<ref>Black's Law Dictionary (8th ed. 2004) p. 338.</ref> Contingent fees may make it easier for people of limited means to pursue their civil rights since otherwise, to sue someone for a [[tort]], one must first be wealthy enough to pursue such litigation in the first place.<ref>{{cite journal |last1=Sabbeth |first1=Kathryn A. |title=What's Money Got to Do With It? Public Interest Lawyering and Profit |journal=Denver University Law Review |date=2014 |volume=91 |page=463 |url=https://scholarship.law.unc.edu/cgi/viewcontent.cgi?article=1291&context=faculty_publications |access-date=14 October 2019}}</ref> Due to the risk of loss, [[Lawyer|attorneys]] will not take cases on a contingency basis unless they believe that the case has merit, although accepting cases on a contingency is not without risk.<ref>{{cite journal |last1=Kritzer |first1=Herbert M. |title=Seven Dogged Myths Concerning Contingency Fees |journal=Washington University Law Journal |date=2002 |volume=80 |issue=3 |page=749 |url=https://openscholarship.wustl.edu/law_lawreview/vol80/iss3/4 |access-date=14 October 2019}}</ref>