0
I am an NC personal injury attorney with more than 15 years of experience, so I feel qualified to answer your question. When someone says that a "law office works on a "contingency fee basis" it is another way of saying that the attorney's fee is based on a percentage of the gross recovery. This arrangement allows many individuals to obtain legal representation even if they do not have funds to retain a lawyer at the outset of an NC personal injury claim. While a case may have fees and costs associated with it, there is no hourly fee charged by the personal injury firm. Simply put, if you do not recover compensation from your personal injury claim in NC, there is no attorney's fee. In certain cases, such as class actions, the court may specifically set the attorney fee, but in those situations the fee will still not exceed the contingent percentage in the injury law firm's fee agreement.
Disclaimer: Communication via this website does not establish an attorney-client relationship, or constitute legal advice, nor can we guarantee the communication to be confidential. Any answer posted is based on general principles of law that may or may not relate to your specific situation and should not be relied upon to take, or refrain from taking, any action. You should seek proper legal advice given by an attorney who has reviewed the facts of your specific case.
Donald Bardes, Attorney
Law Offices of James Scott Farrin
280 South Mangum Street, Suite 400
Durham, North Carolina 27701
1-800-220-7321
Donald.Bardes@farrin.com
What else can I help you with?
What is the usual fee for retaining a personal injury attorney?
Personal injury attorneys are paid on contingency. In other words, they receive a piece of the settlement. If the case is lost they do not receive any payment at all. Source: Linksmithpc.com
Accident attorneys should only get paid if you win your case.?
This type of fee arrangement is known as a contingency fee, where the attorney's payment is contingent on winning the case or obtaining a settlement. It allows clients to pursue legal action without upfront costs, as the attorney only receives payment if the case is successful. However, the percentage of the recovery that the attorney receives as a fee can vary and should be agreed upon in advance.
How much does an attorney charge for debt collection?
Attorneys typically charge for debt collection services on an hourly basis or a contingency fee, which is a percentage of the amount collected. Hourly rates can range from $100 to $500 per hour, while contingency fees are usually around 20-40% of the amount collected. It's important to discuss fees and payment structure with the attorney before engaging their services.
If I am getting a lawyer for an asbestos claim, am I going to have to pay up front?
No you will not have to pay a lawyer up front for an asbestos claim. The lawyer is going to get his money from the lawsuit because the business will have to pay you or they will be forced to go out of business or they will have judgement leans against anything they own.
How much does an accident lawyer get paid?
An accident lawyer can be paid large amounts of money, depending upon who is his clients and if he wins the cases or not. If he wins and the clients get money, the lawyer will most likely get a third of it.
What are some of the social benefits and cost of the contingency-fee system?
The social benefit of a contingency-fee system is that plaintiffs will be encouraged to seek justice. The disadvantage of a contingency-fee system is that lawyers may end up getting large salaries for only a few hours of work.
How can you find an attorney that will work on contingency?
One can find an attorney that will work on contingency by comparing all available attorneys. In a contingency fee arrangement, a lawyer agrees to represent one and to get paid only if one wins.
What is a contigency fee?
A contingency fee is the payment that a lawyer will receive from a client if he wins their case. If the case is lost then no fee is paid to the lawyer.
What does annual fee mean on a credit card?
Exactly what it sounds like. It's a fee that you have to pay every year for having the card.
What do you mean by contigency?
contingency
What do mean by contigencies?
contingency
Where can I find a contingincy fee lawyer?
Most attorneys take contingency fees. However, there are situations where they will want to be paid up front and will refuse to take a case on contingency.
Does contingency mean opportunities?
yes
What is the average rate for contingency fees?
A standard contingency fee for a legal proceeding is 33% of any winnings. This means that if the lawyer does not win a settlement for the client, then the lawyer does not receive any payment.
What is another term for contingency?
Chance, possibility, probability, eventuality, or exigency. Those words mean contingency.
When an attorneys fee is a percentage of the recovery this represents a?
It is called a contingency arrangement. Many states limit the percentage that can be provided.
When an attorney's fee is a percentage of the recovery this represents a arrangement.?
It is called a contingency arrangement. Many states limit the percentage that can be provided.
