Many Texas, Louisiana, and Florida residents and business owners are unable to afford hourly attorney’s fees. Going up against an insurance company or a major corporation with deep pockets is scary. Many attorneys offer what are called contingent or contingency fees. Under a typical contingent fee contract, the attorney agrees to pay the expenses of the case and to work for free until the case is settled or a judgment is collected. If the attorney obtains a recovery for the client, the attorney receives a percentage of the recovery as his or her fee. The client reimburses the case expenses out of the client’s recovery. If the lawyer does not obtain a recovery, the client usually owes the attorney nothing. There are many variations on the contingent fee agreement from state to state and from attorney to attorney.
If you are interested in knowing the details about how a contingent attorney’s fee agreement usually works in Texas, Louisiana, and Florida, click below to view my YouTube contingent fee video.