A contingent fee is almost always the safest and best way to hire an attorney. This fee arrangement is a type of fee arrangement in which an attorney is paid a percentage of the amount that is recovered in a lawsuit or settlement. Under a contingent fee arrangement, the attorney does not charge an hourly fee or an upfront fee. Instead, the attorney is paid a percentage of the damages or settlement that are obtained in the case.
There are several benefits to hiring an attorney on a contingent fee basis:
- No upfront costs: One of the main benefits of a contingent fee arrangement is that you do not have to pay any upfront costs or legal fees. This means that you can pursue your case without having to worry about paying for legal services out of pocket.
- No risk: Under a contingent fee arrangement, the attorney assumes the risk of the case. If you do not win your case or if you do not receive any damages, the attorney does not get paid. This means that you do not have to worry about paying for legal services if your case is not successful.
- Increased access to legal representation: A contingent fee arrangement can make it easier for individuals who may not have the financial resources to hire an attorney on an hourly basis to access legal representation.
- Motivation to win: Attorneys who work on a contingent fee basis are motivated to win your case because they will only get paid if they are successful in obtaining damages or a settlement on your behalf.