What is a litigation contingency?

What is a contingency fee? Contingency-fee litigation is a fairer and more accessible alternative to the hourly billing model. Instead of paying for an attorney’s time, you only pay for results. That means that if the Business Trial Group doesn’t successfully resolve your case, you won’t owe us anything.

Can you pay an attorney on a contingency basis?

In conclusion, contingency fees are generally a very inaccurate (some would say “unfair”) way to pay attorneys, but since people may not have the funds to pay usual attorney rates, our justice system permits the use of contingency fees. Only in rare circumstances will our firm take a case on a contingency basis.

Why are contingency fees important in civil litigation?

A CFA provides access to the courts for those who cannot afford to pay, up-front, the attorney’s fees and costs, of civil litigation. Contingency fees, provide an “incentive” for the attorney prepared to engage a client on a contingent/risk basis.

Can a no win, no fee lawyer take a contingent fee?

Criminal trials do not allow this payment arrangement. No win, no fee personal injury lawyers are the ones most likely to take on a client on a contingent basis. They do this because injury settlements from large corporations or medical malpractice suits can reach prices reaching hundreds of thousands of dollars.

Can a contingency fee be a bad deal?

Contingency fees can be frustrating to either the client or the attorney. Often, one of them gets a bad deal: If a case settles quickly or recovers a lot of money, a client may feel frustrated that the attorney was paid more than the attorney deserved.

Can a lawyer take a case on a contingency basis?

Lawyers are most likely to take matters on contingency if they think that the expected recoveries are significant enough to make it worth their while. Once you find an attorney willing to take a case on a contingency basis, ask questions.

How is a lawyer paid in a contingency fee arrangement?

In a contingency fee arrangement, the lawyer who represents you will get paid by taking a percentage of your award as a fee for services.

How does contingency fee work in medical malpractice case?

They do this because injury settlements from large corporations or medical malpractice suits can reach prices reaching hundreds of thousands of dollars. For example, $150,000 at a 33 percent contingency fee rate would leave the lawyer with $50,000. The fund comes directly out of your settlement when it is received.

Why are contingency fees good for injury victims?

In summary, contingency fee arrangements are good for injury victims because: · Contingency fee arrangements allow people who lack financial resources to hire an excellent attorney. · Clients do not owe the lawyer any attorney’s fees if there is no settlement or jury award.