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Contingency Fees
Contingency fees typically range from 33% to 50% of the award, depending upon the type of case. For example, in automobile cases a 33% contingency fee is customary, while medical malpractice and personal injury cases necessitate a higher percentage to compensate for the extensive resources that are required to litigate these cases.
A lower percentage contingency fee may be charged if the case is settled before trial. Higher contingency fees are charged if a case concludes after the trial has begun or if an appeal is necessary.
Advantages
- Cost. No up-front cost to plaintiffs.
- Access. Equal access to an attorney, independent of the clients financial resources.
- Confidence. Attorneys willing to work on contingency are confident of success.
- Motivation. Contingency agreements motivate attorneys to maximize clients awards.
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