What is a contingency fee?

A client pays a contingency fee to a lawyer only if the attorney wins their case. Instead of paying your lawyer an upfront retainer, he or she takes a percentage of dollars recovered over the course of your case. His or her earnings are “contingent” upon the amount of compensation you receive.

In other words: If you don’t win, you don’t pay.

In a contingent fee arrangement, the lawyer agrees to accept a fixed percentage of the recovery, which is the amount finally paid to the client. If you win the case, the lawyer’s fee comes out of the money awarded to you. If you lose, neither you nor the lawyer will get any money, but you will not be required to pay your attorney for the work done on the case.

On the other hand, win or lose, you probably will have to pay court filing fees, the costs related to deposing witnesses, copy fees for medical records and similar charges. Your attorney may be able to cover these costs for you, if you are unable to pay for them yourself.

Before entering into a contingent fee agreement, your attorney should provide you with a disclosure statement and fee agreement which detail the specifics of the contingent fee, the manner in which other litigation costs will be handled and alternative fee arrangements which are available.

When a loved one dies, is forced to take time off work to heal or is made destitute by mounting medical bills, finding thousands of dollars to retain an attorney is often impossible. A contingency fee agreement may be the only practical means by which an individual or a family can afford to obtain the services of a competent lawyer. Don’t miss out on your opportunity to recover just and fair compensation for your injury or the wrongful death of your loved one, simply because you think you can not afford a good attorney.

At Cowan & Hilgeman Law, you are a name, not a number. We work with many kinds of clients from all economic backgrounds, on both retainer and contingency fees. We routinely accept – and WIN – cases that other law firms reject and have recovered millions in compensation for our clients. Call (937) 222-2030 today to schedule your FREE consultation with our personal injury attorneys.