A contingency fee is paying an attorney at the end of the case a portion of the recovery. It’s just that easy. It’s an agreement to pay the attorney when you recover money at the end of a case. So contingent just means that it relies upon some event. If you win, you’re going to pay. With our firm, we take a contingency fee at the end of a case from the money that is obtained from an insurance company.
So you’re never going to pay money out of your pocket. It’s going to come from the insurance company. What’s a contingency fee? A contingency fee is an agreement to pay an attorney at the end of a case. It’s contingent or it relies upon a recovery from an insurance company or from the at fault party.
It’s just as simple as that. It’s an agreement to pay an attorney when there’s a recovery obtained.