These summaries were prepared by McGuireWoods LLP lawyer Thomas E. Spahn. They are based on the letter opinions issued by the Virginia State Bar. Any editorial comments reflect Mr. Spahn's current personal views, and not the opinions of the Virginia State Bar, McGuireWoods or its clients. 
 
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ABA-389

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8-Bills and Fees

As long as the client consents after full disclosure, a lawyer may work for a contingent fee even if: the client can afford to pay on another basis; liability is clear and some recovery is anticipated from the beginning; the percentage of the contingent fee depends on the stage of the matter or the size of the award; the contingent fee covers an amount that was the subject of an earlier rejected settlement offer.

Copyright 2000, Thomas E. Spahn