FAQs: How Does a Contingent Fee Work?

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FAQs: How Does a Contingent Fee Work?

Most injury victims do not have sufficient financial resources to pay attorneys tens or hundreds of thousands of dollars to pursue a claim on their behalf, particularly while inundated with unexpected medical expenses and lost earnings. For this reason, the attorneys at Mishkind Kulwicki Law provide legal services pursuant to a contingent fee contract. A contingent fee is stated in terms of a percentage of the total recovery. In other words, your attorneys will be paid if and only if they recover money on your behalf, and the fee will be equal the agreed-upon percentage multiplied by the amount of the total recovery. The fee percentage depends upon the circumstances of a particular case. For example, a lower fee may be charged in motor vehicle cases because they do not involve the time, expense an