by: Bill Rogers
Total views: 16
Word Count: 385

Tweet
There is a misconception floating around that all attorneys are expensive and unaffordable. Many people fear they cannot retain the services of a good lawyer because the costs and fees involved will be too high. The truth is that there is a fee arrangement called a contingency fee that makes hiring a good lawyer possible.

What a Contingency Fee Actually Is

A contingency fee is when legal services are provided and a fee is paid upon a favorable outcome of the case. The most common way this is done is by paying a percentage of the client's recovery to the attorney. This type of fee is fairly standard with personal injury cases. However, in most jurisdictions contingency fees are not allowed for family and criminal cases.

What Are The Benefits Of Contingency Arrangements?

A huge benefit of a contingency fee arrangement is that it allows people who could not otherwise afford legal services access to the justice system. Since hourly attorney fees and litigation costs can be quite expensive, a contingency fee allows people to hire talented lawyers to work on their legal issues. Incentives are aligned correctly because the attorney only receives payment upon a successful outcome for their client.

Concerns Regarding Contingency Attorney Fees

Contingency attorney fees do not guarantee justice, or access to the courts. Lawyers sometimes take only the strongest claims which they deem most likely to succeed. The viability of many cases is not always immediately apparent. Some cases require investigation before the likelihood of success can be seen. There is the potential that these cases might be turned away because even the initial assessment of their strength is costly and risky.

The Cost of Litigation and Contingency Fees

It is important that you understand the difference between a contingency fee and cost of litigating the case. Even though a contingency fee shields an individual from running up huge attorney bills in the event they don't win their case, many jurisdictions still hold the individual responsible for costs of litigation. You need to discuss your fee arrangement with your attorney prior to forming an attorney-client relationship. Be sure you inquire what your fees and responsibilities will be with the attorney and costs of litigation.

About the Author

Getting injured is a troubling and difficult experience. If you are involved in a personal injury it is important that you be made aware of your rights. NJ personal injury lawyers can protect your rights and help you receive compensation for the the loss you have suffered. Contact a New Jersey injury attorney today.

Bookmark this article:

---

Rating: Not yet rated

--Choose-- 0 1 2 3 4 5