In a Carlsbad personal injury case, a contingency fee is a payment arrangement where the attorney’s fee is contingent on the outcome of the case. Specifically, the attorney only receives payment if you receive a settlement or a judgment in your favor. If you don’t win your case, you won’t owe the attorney any fees.
The standard contingency fee percentage for a personal injury case typically ranges from 33% to 40% of the amount recovered. The exact percentage may depend on the specifics of your case and the attorney you hire. It’s important to discuss the contingency fee arrangement with your attorney upfront and ensure that you fully understand their fee structure.
Contingency fee arrangements can be beneficial for clients who may not have the financial resources to pay for an attorney upfront. It also means that the attorney will work hard to win your case, as their payment is directly tied to the outcome. Additionally, a contingency fee arrangement ensures that your attorney has an interest in settling your case for the highest possible amount.