Expert Advice When You Need It Most
Posted over 2 years ago. Applies to Illinois, 1 helpful vote, 0 comments
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What is a contingency fee?A contingency fee is contingent on the outcome. In other words, you only pay if and when you win. If you lose, you pay nothing. The fee is generally 1/3 of the amount you receive, but it can vary. 2
Who charges contingency fees?It doesn't so much depend on the attorney, but on the type of case. For example, almost all personal injury cases are handled on a contingency basis. If you have a lawsuit for medical malpractice or a car accident, you'll likely pay a contingency fee. Other examples include probate cases, where the attorney is paid out of the estate at the end, and debt collection cases, where the attorney receives a percentage of the amount they are successful in collecting for you. Contingency fees are sometimes charged for loan modification cases (although there may be a small processing fee upfront). 3
What are some non-contingency cases?Attorneys will probably charge you a flat fee or an hourly rate for things like criminal defense, real estate, family law (divorce and custody), and estate planning. Additional ResourcesIf this still isn't making sense to you, let us know. We'd be happy to explain further, or help you figure out what type of fee you can expect to pay in your situation. 1-800-517-1614. Related Questions5 Attorney answers: 
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