A personal injury lawyer who accepts a contingency fee arrangement promises not to collect any money up front. Lawyers who take cases on contingency receive their payment not from their clients but rather from the money they win for them.
Before beginning any legal representation, the client and practitioner will negotiate the contingency fee. As a result, there will be no unpleasant surprises when it comes time to pay their fee at the end of the case. There is some variation in the percentages that attorneys charge, but no two attorneys will charge more than 50%.
When taking a case on contingency, the lawyer takes on all financial risk. This is due to the fact that if the lawsuit is lost, the attorney will not be paid anything. An attorney’s fee is paid exclusively from the money won from the opposing party, thus the client incurs no upfront costs.
