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Old 04-06-2015, 05:25 AM   #1 (permalink)
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How Does a Contingent Fee Agreement Work?

I would like to know how does a How Does a Contingent Fee Agreement Work in a personal injury case. Do I have to pay anything like processing fee or any charges or is it totally depend on the case verdict.
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Old 06-09-2015, 06:23 AM   #2 (permalink)
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Contingency Fee Basics

The basic concept of the contingency fee agreement is that the client is out little or no upfront expenses; you as a client do not pay legal fees unless and until you win, and then the lawyer receives a percentage of your recovery as his or her fee. If you lose your case, there is no legal fee at all for the lawyer.

Contingency fee agreements are customarily used for cases wherein a plaintiff is seeking money damages for some sort of injury. Depending on the nature of the case and the damages claimed, lawyers will not always accept a contingency fee arrangement. Some legal claims have limits on how much a plaintiff can recover in damages, in which case an attorney will be hesitant to work on a contingency fee.

For example, even though a worker’s compensation claim involves damages, some state statutes limit damages for that type of claim. Attorneys will be less likely to accept these cases on a contingency fee.

Most states permit contingent fee agreements; however, some state bar organizations have become critical of contingency fee agreements as excessive fees and have worked to place limits on their use. Advocates of contingency fee agreements argue that they provide a motivation for the attorney to obtain the best possible settlement for their client and provide a way for those who could not ordinarily afford to do so, to access the justice system. Visit the state bar website in your state or consult an experienced local attorney to find out if limitations have been placed on the use of contingency fees in your state.






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