One of the main benefits of contingency fees is that the settlement amount is just important to the law firm as it is to the victim. This means the lawyer will try to get the most amount of money possible for you.
With that said, contingency fees are not perfect. For instance, there are some lawyers out there who only negotiate and settle cases – they aren’t willing to take a case into court. As a result, they will accept a lower settlement amount in negotiations rather than risk taking the case to court and losing.
But when you hire an experienced Glendale personal injury attorney with a track record of success, who will fight for you in court if necessary, then the contingency fee arrangement is absolutely to your benefit. Because the lawyer is directly impacted by the amount of the settlement – since that’s how they’re paid – they will want to negotiate the most amount of money for you possible. The more money they get for you, the more money they are paid once the case is successfully resolved. So it’s really win-win situation for both the lawyer and the client.
How Does a Lawyer Get Paid From Contingency Fees?
If the lawyer loses the cases, then they get paid nothing. They must eat what it cost them to take on the case. Period. But if the attorney wins the case, then they get a percentage of the amount of the settlement. In a lot of cases, the contingency fee is typically one third, or 33% of the amount of money recovered.
