2017 Nevada Revised Statutes
Chapter 228 - Attorney General
NRS 228.1116 - Contingent fee contract with retained attorney or law firm: Limitations on amount and basis of fee.
1. Except as otherwise provided in subsection 2, a retained attorney or law firm is not entitled to a fee, exclusive of any costs and expenses described in that subsection, of more than:
(a) Fifteen percent of that portion of any amount recovered of less than $10,000,000;
(b) Ten percent of that portion of any amount recovered of $10,000,000 or more but less than $15,000,000;
(c) Five percent of that portion of any amount recovered of $15,000,000 or more but less than $20,000,000; and
(d) Two percent of that portion of any amount recovered of $20,000,000 or more.
2. The total fee payable to all retained attorneys or law firms in any matter that is the subject of a contingent fee contract must not exceed $10,000,000, exclusive of any costs and expenses provided for by the contract and actually incurred by the retained attorneys or law firms, regardless of the number of actions or proceedings or the number of retained attorneys or law firms involved in the matter.
3. A contingent fee:
(a) Is payable only from money that is actually received pursuant to a judgment or settlement agreement.
(b) Must not be based on any amount attributable to a fine or civil penalty, but may be based on an amount attributable to punitive damages.
4. As used in this section, “amount recovered” does not include any money paid as costs.
(Added to NRS by 2015, 335)