What does Contingency Fee mean?
The term “contingency fee” – means that the fee your lawyer receives depends (i.e. is contingent) on the outcome of your case. If your lawyer does not obtain any compensation for you either through a settlement or through a trial verdict, your lawyer will not receive any fee at all for the legal services provided to you (even if the lawyer had worked hundreds of hours on your case). In other words, if your lawyer does not get any money for you – you do not have to pay any fee to your lawyer. Period. Attorney-client arrangements based on the “contingency fee” principle serve the following purpose: injured parties can hire an attorney and, therefore, have access to the civil justice system – without either having to pay upfront legal fees or taking a risk that legal fees would be owed in case of an adverse outcome.