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What Does It Mean to Work With a Contingency Fee Lawyer?

Posted on behalf of Peter T. Nicholl in Personal Injury Jul 17, 2020

working with a contingency fee lawyer A personal injury victim may be afraid of hiring a lawyer if he or she does not have the funds to pay for legal representation. Having to pay out-of-pocket is not necessary if you reach out to a contingency fee lawyer. There are no upfront fees unless you obtain compensation.

Our legal team discusses the benefits of working with a contingency fee lawyer and certain restrictions you should be informed about. Our firm operates on contingency to ensure that everyone has the ability to retain legal help. After a case is won, our fee would be a percentage of the settlement or court verdict.

What is a Continency Fee?

A contingency fee is a fee arrangement made between the injury victim and his or her lawyer affirming that the lawyer will offer up legal services without any upfront costs unless compensation is successfully obtained. If your lawyer is able to obtain a recovery on your behalf, he or she will collect a fee from the award amount. This is generally a percentage of your recovery.

Most contingency fee lawyers will not accept a case unless they are certain that a successful outcome is possible. Although working on contingency may appear risky, the recovery per case could be substantial. If your lawyer is not able to help you obtain compensation, you will not be required to pay lawyer fees. It is important to note, however, that you may be required to pay court fees.   

Advantages of Contingency Fees

The biggest advantage for an injury victim is he or she could still hire a lawyer and pursue a claim without the funds. You would not have to owe for utilizing his or her services if the case is unsuccessful. Contingency fees are usually paid directly out of the recovery once a case is closed, instead of paying up front. This would enable you to afford legal counsel without upfront expenses.

If the case is not won, your lawyer would not collect any fees. This is why your lawyer will be motivated to work as hard as possible to make sure you obtain a favorable outcome.

Disadvantages of Contingency Fees

Working with a contingency fee lawyer means that he or she will take an agreed-upon percentage of your recovery. It does not matter how long it takes to have the case resolved. If your claim comes to a quick resolution, contingency fees may be greater than hourly fees, had your lawyer been paid on an hourly basis.  

An additional restriction of contingency fees is that a lawyer may be extra critical in the types of cases he or she decides to accept. If a lawyer concludes that there is a higher chance of losing the case, he or she may not take the case on.

A Maryland personal injury lawyer from our firm will not know if you have a valid claim until he or she is able to review your situation. Our consultations are free.

What is the Standard Contingency Fee?

The standard contingency fee is a percentage generally agreed upon in advance of providing legal services and is often based on many factors, such as:

  • Amount of time spent preparing and working on the case
  • Amount of work turned down to meet the demands of the case
  • Probability that an individual or entity is liable to you for damages
  • Risk that you could be blamed for causing or contributing to your injury
  • Likelihood of success in the case

The contingency fee percentage could be less if a settlement or mediation is resolved quickly, or it can be more if it is necessary to head to trial. A lengthier trial would require a higher payment amount.  

On average, the standard contingency fee for a lawyer is about 33 and one-third percent if the case is resolved before heading to trial. It could increase to 40 percent if the case needs more legal resources.

Call for a Free Case Review To Get Started

If you need legal help, we recommend contacting a lawyer at The Law Offices of Peter T. Nicholl today. We have more than 30 years of experience helping injury victims pursue full compensation for their damages. Our firm has recovered billions in verdicts and settlements on behalf of our clients.

We welcome the opportunity to discuss your potential options. Learn more about what to expect at an initial consultation with a lawyer. Our consultations are 100 percent free and come with no obligation to retain our services. There are no upfront fees unless we win a recovery for you.

Have Questions? We Have Answers. Ph: 410-244-7005.

Contact our personal injury lawyers for a free consultation if you have been injured by another’s negligence. You may be entitled to compensation.

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