Everyone agrees…hiring a lawyer is expensive.
If your funds are limited, knowledge of contingency fees is important.
When lawyer and a client agree upon a contingency fee, they are basically agreeing that the lawyer will work and receive a percentage of the award or settlement after the case is won.
If the lawyer does not win the case, there will be no fee to pay.
It’s important to realize that there are several laws that apply to contingency fees. These laws may vary by state but include how much or what percentage a lawyer may charge for a contingency fee, as well as what type of case may be paid for with a contingency fee.
For example, family law and criminal cases do not qualify for a contingency fee arrangement.
Typically, accident claims and personal injury cases are suitable for contingency fees as these cases are often awarded large sums of money.