What kind of arrangements exist for attorneys to be paid?
There are several ways for attorneys to be paid. The two most prevalent are: 1.) paying by the hour for the time attorneys work on your file, and 2.) paying under a contingency fee agreement. A contingency fee agreement means the firm does not get paid by you for the time and work it does unless your case is settled or you collect a judgment. If you receive money from a settlement or a judgment, the lawyer or firm receives a percentage of the settlement or judgment and reimbursement of expenses. The collection of fees, therefore, is contingent upon your receiving a settlement or judgment.
