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Under Rule 1.5(C) of the Indiana Rules of Professional Conduct, an attorney is permitted to represent clients on a contingent fee basis if the agreement is in writing and states the methods by which the fee is to be determined, including the percentage to be allowed to the lawyer in cases of settlement, trial and/or appeal, and whether expenses are to be deducted before or after the contingent fee is calculated. At the conclusion of the case, the attorney is reqquired to provided the client with a written statement showing the outcome of the case, and if there is a recovery, showing the remittance to the client and manner in which it was calculated.
In cases where multiple attorneys are involved or the cases has been referred by other counsel, the written contingent fee agreement must state the names of the attorneys who are involved in the case and set forth the extent of their duties and compensation arrangement. The client must also agree to these terms in the written contingent fee agreement.
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