Contingency Fees

Contingency fees are a type of payment for legal services where you only pay if you are granted a favourable outcome. In the case you receive payment through winning your case or a negotiated settlement, only then will you pay your legal team through a pre-selected rate.

This form of payment is especially useful for those worried about financial issues and might avoid seeking legal counsel out of fear of losing. Knowing the advantages and disadvantages is beneficial for those who have any doubt in their mind about seeking the compensation they need.

The advantages of this payment method include:

• no legal fees up front
• If your case is ultimately not successful there will be no fees owed to your lawyer

Contingency fees are typically set at a standard percentage of winnings by the firm you hire as your legal team. Its important to note that the percentage set can be higher or lower based on the circumstances of your case. The main factors involved include:

• How long your case will take to resolve
• How much is estimated for you to be awarded if you win or settle
• How likely it is that you will win your case

These factors may sound intimidating at first, but confirming with a legal firm in a consultation will give you a better picture of how your case may play out.

While this is a popular way of paying for legal services, do not feel obligated as there are other methods of payment. Other options include an hourly rate for services or even a flat rate at one fixed amount for the period. While these forms of payment may cost you less if you win, you will still pay regardless of your case’s outcome.

Choosing the right form of payment can be a big decision, but it’s important to weigh the factors and outcomes to come to an informed decision. Always compare contingency fees between different personal injury firms before signing any agreements, and take advantage of the free consultations they provide.

At Findlay Personal Injury lawyers, we believe you deserve a fair chance at getting the appropriate compensation you need for your injuries. Our standard fee for service is 30% of the damages and costs recovered. If you would like more information about our fees and services, please call us at 905-522-9799 or visit one of our locations.