Okla. Stat. tit. 5, § 5-7
This is the official text of Okla. Stat. tit. 5, § 5-7, part of Oklahoma’s Stat. tit. 5, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 5,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Contingent fee - Limitation on amount - Compromise or
Official statutory text
settlement - Effect on lien - Certain contracts void.
It shall be lawful for an attorney to contract for a percentage
or portion of the proceeds of a client's cause of action or claim
not to exceed fifty percent (50%) of the net amount of such judgment
as may be recovered, or such compromise as may be made, whether the
same arises ex contractu or ex delicto, and no compromise or
settlement entered into by a client without such attorney's consent
shall affect or abrogate the lien provided for in this chapter.
Provided that all such contracts in personal injury or wrongful
death cases including, but not restricted to, cases in which
jurisdiction is in the Industrial Commission, shall be void and
unenforceable (1) if secured as a result of the intervention of any
laymen, association, or corporation for compensation, or promise of
compensation, or anticipation of gift, compensation or hope of
reward, or (2) where any laymen, association or corporation has a
direct or indirect interest in, or growing out of, any judgment
arising out of such claim recovery or compensation from, or
settlement of any such claim.
Oklahoma Statutes - Title 5. Attorneys and State Bar Page 6
It shall be lawful for an attorney to contract for a percentage
or portion of the proceeds of a client's cause of action or claim
not to exceed fifty percent (50%) of the net amount of such judgment
as may be recovered, or such compromise as may be made, whether the
same arises ex contractu or ex delicto, and no compromise or
settlement entered into by a client without such attorney's consent
shall affect or abrogate the lien provided for in this chapter.
Provided that all such contracts in personal injury or wrongful
death cases including, but not restricted to, cases in which
jurisdiction is in the Industrial Commission, shall be void and
unenforceable (1) if secured as a result of the intervention of any
laymen, association, or corporation for compensation, or promise of
compensation, or anticipation of gift, compensation or hope of
reward, or (2) where any laymen, association or corporation has a
direct or indirect interest in, or growing out of, any judgment
arising out of such claim recovery or compensation from, or
settlement of any such claim.
Oklahoma Statutes - Title 5. Attorneys and State Bar Page 6
Status: in_force · Read it on the official government site
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