First Since 1996
ABOUT THOSE NO PAY UNTIL YOU WIN OR COLLECT FEE OFFERS
Basically, no lawyer will accept a no pay until you win offer unless they are certain the matter will settle out of court. If a lawyer offers you these deals, you can probably negotiate the percent she asks for and get a much better rate.
- generally mean you do not pay anything up front until you win you case. Be sure the agreement says you do not pay until you actually collect. You can easily win a case, but never be able to collect a penny from the losing side
- Your lawyer's fee depends on the outcome of a case.
- Know that most contingency agreements are made because the lawyer is confident the case will settle and never need to go to a full blown trial. Many agreements terminate if and when the matter goes to trial.
- Insurance companies used to settle and pay go away money. Most refuse to do that anymore.
- Here are the basics on contingency fees which you need to know:
- If you win the case, your pay your lawyer a percentage or other agreed-upon portion of the settlement. You may also pay certain expenses.
- If you lose, you do not pay - your lawyer accepts the risk of not being paid when taking a case on a contingent basis.
- Contingency fees can prevent prohibitive upfront costs and allow for greater access to justice, particularly for middle class individuals who cannot afford a lawyer and do not qualify for legal aid.
WHAT ARE CONTINGENCY FEES?