What are contingency fee agreements?
A contingency fee agreement is one where your lawyer agrees to be paid for his or her services from the proceeds of your settlement or judgment. In other words, your lawyer gets paid when you get paid. Usually, the contingency fee is based on a percentage of your settlement or judgment, plus sales tax.
What are the benefits of contingency fee arrangements?
One benefit of contingency fee agreements is that they significantly reduce your financial risk of litigation. Contingency fee clients can rest easy knowing their settlement will not be eclipsed by their legal bill.
Contingency fee agreements also allow us to help those who are not in a financial position to hire a lawyer. We understand that being terminated from your employment puts you in a precarious financial situation and paying a lawyer's hourly rate can be difficult to manage. We work with our clients to provide fee agreements that take the financial stress out of litigation, where possible.
In short, contingency fee arrangements are not only good for business, they improve the general public's access to legal services.
What percentage of my settlement or Judgment will go towards legal fees?
The contingency fee percentage we offer to clients varies from case to case, depending on the individual circumstances, as well as the risk and complexity of each case. You can usually expect our contingency fee to be in the range of 25-40% of your settlement or Judgment. We strive to keep our contingency fee agreements competitive and to have them reflect the value of your case.
Do I still need to pay for anything out of pocket, if I hire a lawyer on a contingency basis?
Usually, any expenses incurred on your behalf during the course of litigation, will have to be reimbursed to the firm on an ongoing basis. If we agree to represent you on a contingency basis, we usually request a small deposit from you to pay for future expenses, such as process server fees, court filing fees, printing, binding, transcription services, mediator fees, etc. If we settle your case early, however, these expenses are minimal. We have successfully settled cases for many of our clients on contingency fee agreements without incurring any out-of-pocket costs.
Is it worth it for me to pursue my claim on a contingency fee basis?
We think so! If we agree to represent you on a contingency fee basis, it means that we are confident in the strength of your case and are willing to incur the financial risk. That is a personal vote of confidence in your case!
Does Hyde HR Law offer "contingency fee" agreements to clients?
Hyde HR Law is happy to accept contingency fee retainers, where appropriate. We typically offer these types of agreements to employees who have been terminated from their employment without cause. Not every such case is appropriate for a contingency fee agreement, however. We must evaluate each case individually to make that determination. That said, we strive to be as flexible as possible in terms of our fee arrangements.
Can Hyde HR Law offer me any alternatives to contingency fee arrangements?
Absolutely. Hyde HR Law makes it a priority to be upfront and transparent with our clients about our fee arrangements. In addition to contingency fee agreements, we offer traditional hourly fee agreements, or hybrid arrangements that blend hourly and contingency fees. If you have questions about the payment arrangements that may be available in your case, contact us today.