How do contingency fees work?


How do contingency fees work?Personal injury attorneys generally work on a contingency fee basis, which means that their fees get recovered only after they have managed to obtain a favorable settlement or verdict for their client. Contingency fee plans normally represent a percentage of the money that has been recovered in the case, and these plans are extremely beneficial for victims of personal injuries, because the lawyer gets paid only if he settles the claim favorably, or outright wins the case – otherwise, all legal expenses are borne by the attorney. The Florida Supreme Court establishes the pre-set percentage for law firms; contingency fees typically range between 33-1/3 and 40% (whether pre-suit or litigation) of the total compensation that has been awarded to the client. Before he takes on a case, a reputable personal injury attorney will always explain, fully and clearly, his specific contingency fee percentage to the client, and whether the fee is based on the net or gross amount of the compensation.

If you or a loved one have suffered any type of personal injury, you may have legal recourses available, and the skilled and experienced attorneys at the Fenstersheib Law Group, P.A. have been helping accident victims in South Florida for more than three decades. Let us put that experience to work for you. Call us today, toll-free, at 1-800-TellRobert, for a free initial consultation to determine your legal rights. We proudly stand by our long history of compassion, integrity, and tenacity in bringing justice for the injured. Our phones are answered 24 hours a day, 7 days per week.

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The Lawyers at Fenstersheib Law Group, P.A. provide personalized legal representation for personal injury cases.

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