Contingency Fee Explained
For personal injury case, we take cases on a contingency fee and we don’t get paid unless we win your case! No win no fee!
A contingency is when the personal injury lawyer will take on your case for a percentage of what the lawyer can recover for you. If you receive serious injury, the personal injury lawyer will advance the litigation costs. This means there are no upfront costs to you. Usually, when you get injury and have a potential claim against an insured defendant, a personal injury attorney will represent you for a contingency fee.
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No Fee Unless We Win
A client pays a contingent fee to a lawyer only if the lawyer handles a case successfully. Lawyers and clients use this arrangement only in cases where the case is involving money—most often in cases involving personal injury or workers’ compensation.
In a contingent fee arrangement, the lawyer agrees to accept a fixed percentage (often one-third to 40 percent) of the recovery, which is the amount finally paid to the client. If we win the case, the lawyer’s fee comes out of the money awarded by the jury or by any settlement. If we do not have a successful outcome, we will not charge a fee. Once a settlement or verdict is obtained for the client, the funds are deposited into a regulated client trust account known as an Interest On Lawyer Trust Account (IOLTA) and all disbursements are then made. For more information on client trust accounts, please see Attorney Client Trust Account and IOLTA.
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