Personal Injury Blog

How a Contingency Fee Works in an Accident Lawsuit

By: Matthew Tievsky

Chaikin, Sherman, Cammarata & Siegel, P.C., like many personal injury law firms, works on a contingency fee. What does that mean, and what are the advantages?

A "contingency" is something that might happen in the future. In our case, our fee is based on a contingency - which is winning the case. We only charge a fee if we obtain money on your behalf (either by settling the case or by going to trial), and the size of our fee depends upon how much we win. If unfortunately we are not able to obtain money for you, then there is no fee. On the other hand, we have a strong reason to get the greatest possible recovery for you – not just because we want to do the best possible job for you, but also because our fee will be a percentage of whatever we win for you.

A contingency fee has several advantages. It means you don't have to pay any money up front to hire the firm. In fact, it means you never have to pay the attorney's fee out of your own pocket. But on top of that, we know that the best way for the firm to get paid, is to get you, the client, the best result possible..

Interestingly, in the U.S., contingency fees used to be prohibited as "unethical," on the ground that they encouraged lawsuits. In fact, we think they tend to do the opposite – no law firm will take a case that's frivolous because they will not receive a fee, if they lose. We certainly think that contingency fees are good for you as the client, by making lawyers affordable.

If you have a possible personal injury case and have questions about how you can hire Chaikin, Sherman, Cammarata & Siegel, P.C. to help you, you should contact one of our lawyers for a free consultation.