This is one of a series of posts describing different fee arrangements offered by attorneys.
“You don’t pay unless we win!” or “You don’t pay us anything up front!” are two common ways of pitching what is known as a contingency fee arrangement. Simply put, contingency fees involve the lawyer taking a percentage of whatever you recover. The standard contingency fee ranges from one-quarter to one-third of the recovery, but many factors will affect what a lawyer chooses to charge.
The nice thing about this arrangement, obviously, is that you don’t have to pay up front. Even if the case is not successful, you may be able to avoid paying the costs of the litigation. However, be careful that you aren’t mortgaging your future for the convenience of not paying now- if you win a large amount of money and your lawyer has taken a sizable chunk, you may end up paying a substantially larger fee than you would have anticipated in the beginning.
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About Me
- Carl Archer
- I am an elder law attorney with my own solo practice. I'm located in central New Jersey but I make house calls. I am in the business of setting the elderly and their caregivers at ease, by making sure they have high-quality health care they can afford, and governmental benefits they're entitled to.