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Enabling Monetization of Non-Monetary Victories

This article proposes language to include in retainer agreements to enable the monetization of non-monetary victories and compensate attorneys for all their work on behalf of their contingency clients.

7 minute read October 01, 2021 at 12:05 AM
By
Russell Yankwitt and Anxhela Mile
Enabling Monetization of Non-Monetary Victories

In a typical contingency fee arrangement, the successful attorney receives a percentage of "all sums recovered" by his or her client in a dispute or litigation. Oftentimes, this calculation is straightforward — the plaintiff recovers $X via settlement or verdict and the attorney takes a percentage of that recovery.

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The Copyright Royalty Board (CRB), which works under the umbrella of the Librarian of Congress, sets statutory-license royalty terms and rates. The U.S. Courts of Appeals for the D.C. Circuit recently issued two notable decisions about the CRB.

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