What is a Contingency Fee Agreement? 
What is a Contingency Fee Agreement? 
What is a Contingency Fee Agreement? 

What is a Contingency Fee Agreement? 

Legal battles can be overwhelming for many, not only because of their complexity but also due to the anxiety of potentially high costs. What if you could hire a lawyer who believes in your case and is willing to share the risk of the outcome? A contingency fee agreement can offer a solution where legal fees are only due if you win your case. At the Law Offices of Andrew Zeytuntsyan, we champion your cause to ensure the best possible outcome for you. Keep reading to find out more about contingency fee agreements and how they might help. 

The Basics of Contingency Fee Agreements

A contingency fee agreement is a contract where the attorney's fees are conditional upon the successful resolution of the case. Typically, this means that the lawyer will not charge fees unless they win the case or achieve a settlement in favor of the client. The standard practice is that a personal injury attorney will calculate fees as a percentage of the client’s recovery. This setup makes legal services accessible to those who might not be able to pay an attorney by the hour.

Why Opt for Contingency?

The most substantial advantage of a contingency fee agreement is the minimal financial risk involved for clients. It democratizes access to legal services, allowing individuals who lack the resources for hefty retainer fees the opportunity to seek justice. This fee structure motivates attorneys to work on your behalf because their payment depends on the outcome. It aligns the interests of both the client and attorney towards a common goal of winning the case.

Situations Suited for Contingency Fee Agreements

Contingency fee agreements are not suitable for all legal situations. They are commonly used in cases where large financial damages are sought, such as personal injury claims, workers' compensation cases, and other tort claims. These agreements are less common in criminal defense or family law. Before entering into a contingency fee agreement, it’s important to understand if your case fits the criteria where such an arrangement can be beneficial and legally permissible.

Choosing the Right Legal Partner for Contingency Agreements

Selecting the right attorney is critical when considering a contingency fee agreement. First, ensure that the personal injury lawyer you choose is experienced in handling cases similar to yours. Look for a history of successful outcomes that demonstrate their dedication. A comprehensive evaluation of your case is also essential; a good attorney will offer transparent communication about potential outcomes and develop a strategy customized to your specific legal needs. This helps manage your expectations and sets a clear course for pursuing your legal rights effectively. Consider the level of personal attention and accessibility the attorney offers, too. You want someone who is available to address your concerns as they arise and keeps you informed throughout the process. Discuss the financial aspects of your agreement upfront to avoid any surprises down the line and to make sure that the terms are clear and fair.

Are You Searching for a Personal Injury Lawyer?

Taking legal action under a contingency fee agreement requires putting your trust in a legal team that stands with you. At the Law Offices of Andrew Zeytuntsyan, we ensure that you are not alone in the legal process. If you're considering legal action and are unsure about the costs, contact us today for a consultation with a local personal injury attorney in your community. 

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