Whats a contingency basis?

When a lawyer works for a contingency fee, it means that the lawyer is paid only if his client recovers the damages. There is no upfront fee for the lawyer's services. A client pays contingent fees to an attorney only if the lawyer successfully handles the case. Attorneys and clients use this agreement only in cases where money is being claimed, most often in personal injury or workers' compensation cases.

A contingency charge or contingent charge is an agreement in which the charge is only paid if there is a favorable outcome. In the context of legal practice, a contingency fee is a fee that is paid only if the lawyer wins a lawsuit or achieves a favorable settlement for the client. Usually, the commission is a percentage of the amount recovered for the customer.

Arnold Gentner
Arnold Gentner

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