Contingency Fees: What are they?
The words "contingency fee" are not easily understood. "Contingency fee" means that there is no fee owed unless an event occurs (the contingency). In personal injury cases this means the recovery of money, by settlement or collected by Verdict. No fee is paid until money is recovered.
Contingency fees open the court house doors for the average person. Most average people are not able to afford a fee of $150 to $300 per hour with no guarantee of the outcome. A contingency fee enables you to hire an attorney and only pay her for results.
Case expenses are separate. If the attorney is willing to advance expenses for medical reports, records, depositions, they are recoverable, by the attorney from you. The attorney contract may call for these expenses to be recovered whether there is a recovery or not. The contract is also allowed to state that unless there is a recovery, you do not have to pay back the expenses the attorney advanced. This is a matter for you to discuss with your attorney.
In Texas, the contract must be in writing and you are entitled to receive a copy.
If you have any questions regarding attorney’s fees or my particular fees, feel free to call me.