What is a Contingency Fee?

A contingency fee is paid to an attorney once a case has been won. This fee covers the legal services your attorney provided during your case and is not paid until the case has been won. If your case is lost then the attorney does not collect any fees. This fee is typically a percentage of the total money value of your entire award.

How Much Will a Contingency Fee Be?

If you are injured on the job and do not have the money to hire an attorney, finding one to take your case on contingency can be very beneficial to you. Typically contingency fees can end up being more than the typical fees you would pay to hire an attorney directly. The benefit of taking a case on contingency for the attorney is that they can end up making more money on the case after it has been successfully negotiated. The advantage to you is that if the case is not won, then you do not need to pay any attorney fees at all. The average contingency fee is 30% of your settlement.

Receiving Legal Aid

When selecting an attorney to take your case on contingency you should make sure what percentage of your final settlement they will receive. Some attorneys charge higher contingency fees than other attorneys do. You should also consider how many cases they have been able to secure settlements for. It may be prudent to pay a slightly higher contingency fee for an attorney with a very high success rate. It is important that you seek legal counsel before going to court for a workers' comp case and paying a contingency fee may be the best way to ensure you have good counsel representing you.

You can connect with a workers' compensation attorney in your area by submitting our Free Evaluation today.