What Is A Contingency Fee?

Most personal injury attorneys are paid under contingency fee agreements. Unlike retainer agreements whereby the fee or money is paid in advance for services to be rendered by the attorney on the client’s behalf, contingent fees are usually paid, at the conclusion of a legal matter.

A contingent or contingency fee is fairly self-explanatory: Fees are paid contingent on success.. This type of fee arrangement is typically used only in cases such as those involving personal injury, where the plaintiff has a monetary claim.

In a contingent fee arrangement, the lawyer agrees to accept a fixed percentage of the award received by the client. This percentage is typically 33 1/3 to 40%.

If the case is unsuccessful, neither client nor attorney will receive any money, and the client is not responsible for reimbursing the attorney for the work expended on the case. It is important to note that contingency fee agreements typically require the client to pay fees and costs for filing, discovery, and similar expenses related to the case.

We are more than personal injury lawyers. The attorneys and staff at Heintz & Becker are members of your community who are dedicated to helping you get the compensation you deserve. To serve you more efficiently, we have offices conveniently located in Bradenton and Sarasota, Florida. Our website is available in English and Spanish! To schedule a free, no-obligation consultation call our injury law firm at 941-748-2916.

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