Contingency fees offer personal injury clients a valuable advantage. They enable anyone who suffers an injury to bring a lawsuit without having the money up front to pay a lawyer. With contingency fees, lawyers agree to accept a portion of the recovery and agree that if the client does not win and there is no recovery, there will be no fee.
Why does the contingent-fee system serve clients and work so well? Contingency fees ...
- give everyone--regardless of race, color, religion, national origina, gender, marital status, age, or other factors--an equal chance to have their day in court, no matter what their financial resources may be. Individuals with limited assets can use the richest, most powerful corporations, which often have unlimited money for legal defence fees.
- promote efficiency and discourage frivolous lawsuits by motivating lawyers to make sure that the cases they accept have legitimacy and merit.
- are fair, since there is no fee charged to the client unless he or she wins.
- discourage wrongdoers from continuing inappropriate behaviors.