Champion Law

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What Is A Contingency Fee?

Most personal injury lawyers work on a contingent fee basis.  This means they don’t get paid by the hour.  Instead, they only get paid if they get a recovery for you.  The attorney works on your case from beginning to end without knowing exactly how much money he will earn.  This allows the victim to pursue her rights with top notch legal assistance she might not be able to afford otherwise.  This method also gives the attorney incentive to get the best results possible:  the greater the recovery, the greater his fee.  It also helps prevent the court system from being overwhelmed.  An attorney is less likely to pursue a case on a contingent fee basis if he doesn’t see any likelihood of recovery.  The standard fee is between one-third  and forty percent of the settlement or verdict.

  Wikipedia includes a historical discussion of the concept:  http://en.wikipedia.org/wiki/Contingency_fee

 Champion Law  handles personal injury claims on a contingent fee basis.  If we don’t get a recovery for you, we don’t get paid. St. Paul: 651-766-5886 or Minneapolis: 612-743-4918

 

August 12, 2008 Posted by championlaw | Contingency Fees | , , , , , , , , , , , | No Comments Yet