What Are Contingency Fees and How Do They Work?
Many of us have heard the term “contingent-fee lawyer”. You can find contingency fee attorneys in almost every neighborhood in California. But what exactly is a Contingency Fee? WHAT IS A CONTINGENCY FEE? A contingency fee is a type of fee that lawyers can charge instead of an hourly rate. Your lawyer agrees to represent the client (you) on a “no win, no fee” basis in this arrangement. If the case is not successful, your lawyer does not get paid. However, if your case is successful, your lawyer will receive a percentage of the award or settlement as their fee. This type of arrangement can benefit [...]