What is a Contingency Fee?
A contingency fee is a type of payment arrangement that is commonly used in personal injury and employment law cases. Under a contingency fee arrangement, the lawyer representing the client does not charge an hourly fee for their services. Instead, the lawyer is paid a percentage of the amount of money that the client is awarded or settles for in the case.
Contingency fees are often used in cases where the client does not have the financial resources to pay for a lawyer’s hourly fees upfront. They allow individuals who may not otherwise be able to afford legal representation to have access to legal services.
The percentage of the award or settlement that the lawyer is entitled to receive under a contingency fee arrangement is typically agreed upon in advance and is typically a percentage of the total award or settlement amount.
To speak with a DeToffol & Gittleman Workplace Employment Lawyer, reach out to us at 212-962-2220 or [email protected].