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BRIGGS a:.D MORGA\ <br /> • 1 . An hourly rate .for lawyers of $80 per hour; <br /> 2 . An hourly rate for paralegals of $40 per <br /> hour; and <br /> 3 . A contingent fee of twenty-five percent <br /> ( 25% ) of any dollars recovered up to $200 , 000 <br /> and fifteen percent ( 150 ) of any dollars <br /> recovered over $200, 000. <br /> we will, of course, seek an award of attorneys ' <br /> fees from the Court and will reduce the contingent fee <br /> by any amount awarded by the Court . For . example, if the <br /> City recovers $2 million in its lawsuit and the Court awards <br /> attorneys fees of $250, 000 ( $125 per hour X 2 , 000 hours ) , <br /> • the City' s contingent fee to Briggs and Morgan will be <br /> reduced as follows : <br /> 25% of $200, 000 = $ 50, 000 <br /> 15% of $1, 800, 000 = $270, 000 <br /> $320, 000 <br /> (minus ) Court <br /> Awarded Fees -$250,000 <br /> Contingent Fee Paid <br /> by St. Anthony $ 70, 000 <br /> 3 <br />