That is, in a contingency fee agreement, the lawyer only receives compensation if the lawyer has successfully represented the client. In a contingency fee agreement, the attorney representing you will be paid by taking a percentage of your award as a service fee. If he loses, the lawyer won't get anything. This situation works well when you have a winning lawsuit.
Many lawyers will agree to accept the case in exchange for a significant portion of their settlement or award of 33% to 40% on average. Keep in mind that unless you make other arrangements, you will likely also be responsible for paying the costs of your personal injury case, such as filing, service and expert fees. The primary definition of a contingency charge is a fee agreement that allows you to avoid out-of-pocket expenses altogether. It's a percentage of the settlement you get if you win your case.
When a lawyer is paid on a contingent basis, they share that risk with you. They don't pay him unless you do. In addition, they pay you more if they pay you more. This gives you more incentive to work harder and achieve a favorable outcome for your case.
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