Most people are not aware that they may be entitled to a contingency fee when they hire a lawyer. A contingency fee is a fee that is charged only if the lawyer is successful in obtaining a monetary recovery for the client. If the lawyer is not successful, the client does not owe the lawyer anything.
Contingency fees are common in personal injury cases, but they are also used in other types of cases, such as medical malpractice, employment discrimination, and product liability. In some instances, the contingency fee may be the only way that the client can afford to hire a lawyer.
There are many advantages to contingency fees for both the client and the lawyer. For the client, it allows them to hire a lawyer without having to come up with a large sum of money upfront. It also allows the client to have a strong incentive to win the case, because the lawyer will only be paid if the client is successful.
For the lawyer, contingency fees provide an opportunity to take on cases that they might not otherwise be able to afford to take. It also allows the lawyer to work on a case without being paid upfront, which means that they can take on a higher volume of cases.
Contingency fees are not without risk, however. If the lawyer is not successful in obtaining a recovery for the client, the lawyer will not be paid. This can be a significant financial risk, especially for lawyers who take on cases that are complex or have a high chance of losing.
There are many reasons why personal injury lawyers in Philadelphia do not charge a fee. Perhaps the most important reason is that these lawyers want to help their clients get the compensation they deserve. If a lawyer charges a fee, it may discourage some clients from seeking legal help.
Another reason why personal injury lawyers may not charge a fee is that they understand the financial burden that an accident can place on a family. Many people who are injured in an accident are not able to work and earn a living. This can place a great deal of financial strain on a family. A personal injury lawyer who does not charge a fee can help to ease this burden.
Finally, many personal injury lawyers believe that their clients should not have to pay anything out of pocket for their legal help. These lawyers work on a contingency basis, which means that they only get paid if their clients win their case. If a lawyer charges a fee, it may discourage some clients from seeking legal help.
Before hiring a lawyer, it is important to understand how the lawyer will be paid. If you are considering a contingency fee, be sure to ask the lawyer about their success rate in similar cases and about any risks involved.