Contingency Fee
Report your interest in contingency fee cases in Part 2. In addition, report your contingency fee interests in Part 3 (see Part 3 of this guide for details).
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Description
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EIF
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Value
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Income Type
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Income Amount
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1
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Faraday, Maxwell & Franklin, contingency fee cases (value not readily ascertainable)
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N/A
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None (or less than $201)
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For You
Part 2
Report an interest in contingency fee cases if the value of the interest was more than $1,000 at the end of the reporting period or if you received more than $200 in income during the reporting period.
Description: Provide the name of the law firm through which you acquired your interest in the cases and write “contingency fee case” or “contingency fee cases.”
EIF: Select “N/A.”
Value: Select the category that corresponds to the value of the interest. If you cannot ascertain the value, which will usually be the case if you have not set a cap on your fee, leave this field blank and write “value not readily ascertainable” in the “Description” field.
Income Type: Write “contingency fees” if the total amount of income during the reporting period exceeded $200.
Income Amount: Provide the exact amount of income over $200 received during the reporting period. Otherwise, select the “None (or less than $201)” category.
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