Contingency fee

{
  "id": "MLC-T-INS-000926",
  "term": "Contingency fee",
  "field": "Insurance and risk management",
  "definition": "A payment arrangement, typically in legal services, where the professional's fee is a percentage of the amount recovered for the client. If the client does not win the case or recover damages, the professional receives no fee. This structure aligns the professional's financial interest with the client's success and is common in personal injury lawsuits.",
  "url": "https://mlchart.com/terminology/insurance/contingency-fee/"
}