The document you describe is a contingency fee agreement. Any Colorado case handled by a lawyer as a contingency fee case must have a written fee agreement between the client and lawyer. If co-counsel is hired, then the client must sign a new agreement which includes the details as to how the new lawyer will be compensated. It appears that your first lawyer may have neglected to have you sign a new fee agreement which would provide for the co-counsel. You should not accept any of the proceeds from the settlement until this issue is resolved, and given the information you provide it is not your responsibility to compensate the co-counsel. Your first lawyer will have to pay for the co-counsel out of his/her share of the settlement unless there is a second agreement which you signed with the co-counsel. I strongly recommend that you speak with a lawyer who handles legal malpractice claims.
Answered on Jul 08th, 2013 at 5:33 PM