How Contingency Fees Work
You may have heard that most personal injury and wrongful death lawyers accept cases on a contingency fee basis. What does this mean? In this blog, we’ll discuss what contingency fees are and what benefits they provide to people seeking legal services.
What are Contingency Fees?
When an attorney says they charge contingency fees, this means that the client will not owe any legal fees unless their attorney wins their case. The attorney’s pay is, as the name suggests, contingent on whether they can make a recovery for their client. They will advance any costs so that the client does not have to pay anything out-of-pocket to begin the case. If the attorney is successful in winning money for his or her client, their payment is taken as a percentage of the recovery.
The Advantages of Contingency Fees
- Contingency fees allow all people access to the justice system regardless of their ability to pay.
- Contingency fees remove the element of risk. If your attorney isn’t able to win your case, it doesn’t cost you anything.
- Contingency fees align the interests of the client and the interests of the attorney. Compensation is directly tied to performance, giving an attorney an incentive to get the most money as possible as quickly as possible – a win-win situation for everyone.
At Koenigsberg & Associates Law Offices, we don’t charge you anything unless we make a recovery in your case – it’s that simple. If you’ve been injured in New York City, you owe it to yourself to contact our Brooklyn & Bronx personal injury lawyer as soon as possible to discuss your options. You have nothing to lose!
Contact a Brooklyn Personal Injury Attorney
Do you have further questions about contingency fee arrangements or personal injury lawsuits? We invite you to contact Koenigsberg & Associates Law Offices to schedule a FREE case review. We’d be happy to discuss how we can assist you. Call our office today at (718) 690-3132.