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Contingency Fees
There are several different ways that lawyers bill their clients. One of these methods is the contingency fee.
When charging a contingency fee, the lawyer does not charge you up front, but instead takes a percentage of your eventual award. Lawyers will usually only charge contingency fees in cases where you expect to win a financial award. These include personal injury, medical malpractice, and workman’s compensation cases.
The percentage that the attorney charges for the contingency fee can vary, and in some situations (like workman’s compensation) there is a cap on how much the attorney can charge. However, a standard contingency fee is one third of the award.
Finally, if you do not win your case, then the lawyer does not take a fee. However, you may still be responsible for the expenses that the lawyer incurred while trying your case. These expenses include court filing fees, depositions, and witness fees. It is important that you discuss with your attorney whether you are responsible for these expenses.
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