Lawyer fees?
I hired a lawyer on a contigency basis since then he has told me he is in over his head and wants to call in a speciality lawyer he wants to hand the riens over to this guy and work with him. My question is I agreed to pay the first lawyer a percentage how is this other guy going to get paid? Do I have to give him a percentage as well or does it come out of lawyer #1 fees?
Answers:
There is no fixed rule here - it's a negotiation between you and the attorneys. And, obviously, you can choose to modify your retainer agreement on any terms that you and the first lawyer agree to.
Ordinarily a contingent fee lawyer would not be entitled to any fee unless the lawyer wins you a settlement (absent something in your retainer agreement to the contrary.) You would be obligated to the second attorney, assuming you sign a retainer agreement which creates that obligation. How that second lawyer chooses to divide any fee that is earned may be subject to state law requirements and limitations.
That would be determined during the hand-over.
The total amount that you would need to pay doesn't change -- the only issue to be resolved is how that total fee would be split between the two attorneys.
Fire them both, and pay a good lawyer $500. to take the case.
The two lawyers will work as a TEAM.. both will be paid a percentage of your contingency based on ONE TEAM---so the two of them may ask for 33% (which has been the going rate in contingency suits for lawyer fees)...
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