Blending Agreement

Creative fee agreements may also have a conditional interest motivated by events in the dispute, not just economic outcomes. For example, the client`s primary purpose may be to thwart an injunction request. The parties may agree that the customer receives a 25% discount on the company`s standard hourly rates. The amortized money would then be placed in a bonus pool, with the company`s contingency fees based on the success or failure of certain events, with a multiplier applying to the amount of money contained in the bonus pool. As attorney fees continue to rise on time, clients – including large institutional clients – are increasingly looking to minimize opportunities, costs and risks. In accordance with the agreement, the City obtained a 50% discount on the company`s standard hourly rate.