Contingency fee legal representation is a type of fee arrangement where a lawyer represents a client in a legal matter and only gets paid if the client wins or settles their case.
In a contingency fee arrangement, the lawyer will agree to take on a case, and the client will not have to pay any legal fees upfront. Instead, the lawyer will only be paid if the case is successful. The fee is typically a percentage of the settlement or award that the client receives, with the percentage varying depending on the type of case and the lawyer's experience.
This type of fee arrangement is beneficial for clients who may not have the financial resources to pay a lawyer's hourly rate or retainer upfront. It also aligns the interests of the lawyer and the client, as the lawyer will be motivated to work hard to achieve a positive outcome for the client in order to be paid.
It is important to note that not all types of legal cases are eligible for contingency fee representation, and not all lawyers offer this type of representation. It is also important to understand that if the case is not successful, the client will not be responsible for paying the lawyer's fees. However, the client may still be responsible for certain expenses such as court fees, expert witness fees, etc.
It is also important to understand the terms of the contingency fee agreement before signing, such as the percentage of the award that the attorney will take as fees, and whether or not the attorney will also be reimbursed for expenses.