NRS 228.1116 Contingent fee contract with retained attorney or law firm: Limitations on amount and basis of fee.
156 words·~1 min read·
/nv/chapter-228-attorney-general/228-1116A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 228.1116 Contingent fee contract with retained attorney or law firm: Limitations on amount and basis of fee.
1. The total fee payable to all retained attorneys or law firms in any matter that is the subject of a contingent fee contract must not exceed 25 percent of the amount recovered, exclusive of any costs and expenses provided for by the contract and actually incurred by the retained attorneys or law firms, regardless of the number of actions or proceedings or the number of retained attorneys or law firms involved in the matter.
2. A contingent fee:
(a)Is payable only from money that is actually received pursuant to a judgment or settlement agreement.
(b)Must not be based on any amount attributable to a fine or civil penalty, but may be based on an amount attributable to punitive damages.
3. As used in this section, “amount recovered” does not include any money paid as costs.