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Which of the following ratios is least controllable by management?
Hourly Rate
A method of compensation based on the number of hours worked, typically used for freelance or temporary jobs.
Contingency Fee
A fee paid to a lawyer that is based on a percentage of the sum recovered by the client.
Contingency Fee Agreements
Contracts between lawyers and their clients where fees are only owed if the lawsuit is won, typically as a percentage of the recovery.
Retainer Agreements
Contracts between a client and a service provider, especially in legal and consulting practices, where the client pays an upfront amount for professional services.
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