What is a Contingency Based Lawyer?

When it comes to the legal system in this country, many people are uneducated on the basic rules and regulations. They are unaware of what it takes and costs to hire a lawyer, what different policies are in effect at the moment and so on. Because hiring a lawyer can be a particularly large undertaking, it is very important that you fully understand all of the appropriate information before moving forward.

In some cases, when you hire a lawyer you are required to pay a retainer fee upfront or on a monthly basis to have them represent you. If money is not an issue for you, this might be an acceptable option. There are others out there who are a bit more money-conscious or those who might not be able to afford an upfront cost. If you fall into this category, then it might be in your best interest to seek out a contingency-based lawyer to help you with your case.

When you hire a contingency-based lawyer, you do not have to pay anything upfront. The lawyer’s compensation is totally dependent on the outcome of your case. If your lawyer is successful and wins your case, they will receive a percentage of your award or settlement. This percentage will be discussed or negotiated before your trial starts so you aren’t caught off guard by a high percentage once the case is over.

Not all lawyers are open to work on a contingency-based case so it is important that you do the proper research before consulting or hiring a lawyer. However, there are also plenty of successful and experienced lawyers who would be more than willing to work on your case with a contingency fee.

Whether you get in contact with a lawyer through a personal recommendation or from an Internet search, it is important that you ask all of your questions upfront and make sure that you agree on terms that you are comfortable with.


Related Posts

Comments are closed.

Social Icons