What is Contingency Fee Agreement ?

Contingency fees are a type of payment arrangement used in civil litigation cases, where a lawyer agrees to represent a client on a “no win, no fee” basis. In other words, the lawyer will only get paid attorney fees if they are successful in winning the case or securing a settlement for the client. Typically, the contingency fee will be a percentage-based amount. If the lawyer is not successful, the client does not have to pay attorney fees.

There are several pros to using contingency fees:
Access to justice

Contingency fees allow individuals or small businesses who may not have the financial resources to pay hourly legal fees to pursue a legal claim. This helps level the playingfield and ensures that everyone has access to justice, regardless of their financial situation.

Because lawyers who work on a contingency fee basis only get paid if they are successful, they have a strong incentive to work hard and do their best to win the case. This can benefit the client, as the lawyer will be more motivated to get a good result.

Risk-free for the client

With contingency fees, the client does not have to pay any attorney fees upfront and only has to pay if the lawyer if successful. This means that the client can pursue alegal claim without having to worry about the financial risk.

Capped Recovery

In some jurisdictions the percentage an attorney can recover is capped and provides an additional layer of protection for individuals who would otherwise not be able to hire an attorney.

There are several pros to using contingency fees:
Access to justice

Contingency fees allow individuals or small businesses who may not have the financial resources to pay hourly legal fees to pursue a legal claim. This helps level the playingfield and ensures that everyone has access to justice, regardless of their financial situation.

Incentive for the lawyer

Because lawyers who work on a contingency fee basis only get paid if they are successful, they have a strong incentive to work hard and do their best to win the case. This can benefit the client, as the lawyer will be more motivated to get a good result.

Risk-free for the client

With contingency fees, the client does not have to pay any attorney fees upfront and only has to pay if the lawyer if successful. This means that the client can pursue alegal claim without having to worry about the financial risk.

Capped Recovery

In some jurisdictions the percentage an attorney can recover is capped and provides an additional layer of protection for individuals who would otherwise not be able to hire an attorney.

In conclusion, contingency fees can be a useful way for individuals or small businesses to pursue legal claims, particularly if they do not have the financial resources to pay hourly legal fees. However, it is important to carefully consider the potential pros and cons of using contingency fees before entering into this type of arrangement.

Case Results

Slip-and-Fall Settlement

$75,000.00 Settlement

A workout gym failed to address a known hazard, resulting in our client requiring surgery on her ankle.  Despite the gym denying liability, we presented compelling evidence and secured a $75,000.00 settlement to compensate for the client’s injuries, pain, and suffering.

Car Accident Settlement

$55,055.00 Settlement

Our client’s son was severely injured as a result of another driver’s reckless behavior traveling over 100 mph and hitting our client’s son head on.  The accident caused significant medical expenses and long-term rehabilitation needs. We worked tirelessly to secure policy limits from the reckless driver’s insurance. A $50,055.00 settlement to cover our client's medical bills, lost wages, and future care.

Car Accident Settlement

$55,055.00 Settlement

Slip-and-Fall Settlement

$75,000.00 Settlement

A dog owner failed to keep his large dog on a leash. His dog ran and jumped on our elderly client causing her to fall and hit her head. Our client suffered serious injuries.  We were able to secure a $75,000.00 settlement to compensate for the client’s injuries, pain, and suffering.

Medical Malpractice Settlement

$79,000.00 Settlement

Medical professionals failed to properly care for our patient resulting in her falling while under their care and injuring her back and knee. Through expert opinions and diligent negotiation, we obtained a $79,000.00 settlement to provide for our client's medical care and recovery.

Medical Malpractice Settlement

$79,000.00 Settlement

Deceptive Trade Practices Settlement

$114,971.96 Settlement

Our Client was rightfully owed money but due to the deceptive trade practices of the other party our client suffered additionally monetary losses. We were able to secure a favorable settlement in the amount of $114,971.96 for our client.

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Legal Disclaimer

The information you obtain at this site is not, nor is it intended to be, legal advice. Abrar & Vergara team is licensed to practice law in Texas and New Mexico. We invite you to contact us, but please be aware that contacting us does not establish an attorney-client relationship. Please do not send any confidential information to us until an attorney-client relationship has been established.

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