Guaranteed Discounted Contingency Fee Percentages

Attorneys often work on a contingency fee basis in matters dealing with personal injury damages and collections. In these cases as well as others, the attorney agrees to be paid a percentage of the recovery or award rather than a set rate or hourly fee.

In some cases, contingency fee maximums are set by state law. In these matters, your fee will be the lower of either 10% less than the maximum fee set by state law or the attorney's usual fee. For example, if your state has a fee maximum of 30%, you would pay the lower of either 27% or the attorney's usual fee. If the attorney would normally charge 25%, you would pay this percentage because it is the lower rate.

Where state law does not set maximum levels for contingency fees, your guaranteed discounted rate will not exceed 29% if settled before trial, 36% if awarded during or after trial, or 40% if settled or awarded after an appellate brief is prepared.

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