The
contingency fee is a type of attorney fee whereby payment of the
attorney is contingent on the result of the case. It is the most common
if not exclusive method of paying an attorney in a personal injury case
involving an automobile wreck, slip and and fall, or dog bite case.
The contingency fee is a percentage based arrangement whereby the
attorney is paid a percentage of the total settlement once the case
settles or a verdict is rendered. This benefits the client --
particularly the client who cannot pay an attorney a large retainer up
front or high amount per hour--because the attorney can take the case
and receive payment at a later date. The interests of the client and
attorney are aligned in this scenario.
Contrary to what
many "tort reformers" would have you believe, the contingency fee
discourages litigation because the plaintiff's attorney for the injured
party has no incentive to prolong litigation or file a lawsuit without
basis. This has been confirmed by numerous economists and academics who
have closely examined the subject.
Indeed, these
studies confirm that the only attorneys who file "frivolous lawsuits" or
extend litigation unnecessarily are those that bill by the hour.
If you have been hurt in a wreck, had an accident at a business, or
otherwise been injured, contact the Law Offices of Gary Bruce for a free
consultation regarding your potential case.
No comments:
Post a Comment