Disclosing the contingency rate on the engagement letter — exact language?

Started by Karen W. — 2 months ago — 45 views
40% is defensible on complex engagements with documented refund potential. I've gone as high as 45% on a case that required expert testimony. Client didn't blink.
Fishing for sample language. My current letter says '35% of recovered overcharges and net first-year savings on identified rate optimizations.' Had a client lawyer come back wanting more specificity on what counts as 'recovered.' Curious how others define the trigger event — is it utility-issued credit, customer-received refund, or something else?