What are the risks to the attorney when a contingency fee arrangement is used?

First, a contingency fee agreement will sometimes result in a lawyer being paid more money than if they paid the lawyer by the hour. This is especially true in relatively clear cases that may require only a few phone calls and letters to resolve. Contingency fee cases can sometimes be considered a risk, because the lawyer is not paid unless he wins the case. However, the risk is lower if you are more likely to win your case.

With a lower risk, you're more likely to find an attorney willing to take the case. In a standard contingency fee agreement, the plaintiff is only responsible for paying their lawyer if they win the case. In these cases, the payouts are percentages of the winnings. No win, no fee, personal injury lawyers are the most likely to hire a client on a contingent basis.

In general, lawyers have much more experience in contingency fees than clients, so lawyers know better how to calculate contingency fees so that the lawyer is not at a disadvantage. If you hire an attorney on a contingency basis, keep in mind that the lawyer is first concerned about making sure that the lawyer benefits from the deal. A qualified, well-reviewed Super Lawyer lawyer who charges 40% and a qualified, well-reviewed Super Lawyer lawyer who charges 30% are likely to be pretty much the same in terms of competence, skill and experience. When selecting the best personal injury lawyer for your case, keep these factors in mind as you research and interview potential lawyers.

Nicole Diegidio
Nicole Diegidio

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