How do plaintiffs attorneys set their fees?
That depends on the type of legal services. There are four basic ways most attorneys set a fee. If you are seeking compensation for damages or injuries that have been caused to you, then your attorney will likely charge a “contingency” fee. A contingency fee is simply a fee that is contingent on the attorney winning the case. If the attorney does not win the case, you do not owe a fee. The amount of the fee is a certain percentage of the amount of money that is recovered for you from the court award or settlement. The percentage can vary, but 33 percent is commonly used as a contingency fee. If there is no settlement or court award, the lawyer collects no fee. The contingency fee arrangement allows people who could not otherwise afford legal representation to hire an experienced and highly competent attorney.
