A contingency fee is what it sounds like – a fee that is contigent upon your lawyer being able to secure a settlement or verdict on your behalf. If the lawyer does not obtain any money for you on your case then you, the client, do not owe him or her a fee. Attorneys who work on contingency fees are sometimes called “no win, no fee” lawyers.
The contingency fee is based on a percentage of the fee. For most personal injury cases this is a third, 33.3%, of the settlement or verdict. Some cases, like medical malpractice or product liability cases, can have a higher contingency fee.
Not having to worry about paying your lawyer up front is one less thing to worry about if you have a personal injury case.
If you have any questions, or need to talk to a lawyer, please feel free to reach out to me at my office 781-599-5001, my cell 978-852-0914, or via email firstname.lastname@example.org