- Flat rate;
- Capped fees;
Often civil cases can take months, if not years. In light of this occurrence, many lawyers will make arrangements to be paid by way of a contingency fee contract.
Civil lawyers may use a contract that provides that they are paid one-third (1/3 or .333 or 33.3%) of a settlement, if the matter is disposed of before a lawsuit is filed. If the matter is settled after the lawsuit is filed the amount generally increases to two-fifths (2/5 or .40 or 40%).
Keep in mind, with many attorneys, the amount paid to the client is adjusted based upon costs incurred by the firm for things such as: (1) filing fees, (2) service of process, (3) depositions, (4) mailings, (5) printing, (6) and other costs associated with prosecuting a lawsuit.
Below is an example of how a contingency fee might play out after the lawsuit is filed and resolved. Keep in mind the numbers are not guarantees, but presented in effort to provide an idea of what to possibly expect. There are many factors that can alter the numbers below.
By: DaSean Jones, 832.224.6740, email@example.com