How Does My Attorney Get Paid? | Answered by a Personal Injury Attorney

Transcript

Anthony Alfonso. I'm one of the attorneys here at Cain Law, and I'm here with Leonard today to talk about contingency fees. Contingency fee is exactly what it sounds like. It's how we get paid as far as our attorney fee, and it's contingent upon making a recovery for you, our client. You're not going to be coming out of pocket to pay us. We don't charge a retainer or billable rate. If we're dealing strictly with just the insurance company, our contractual rate for that contingency fee would be 1/3. If we have If we have to file a lawsuit with the court, that rate is going to be bumped up to 40%. If we can't make a recovery for you, you're not going to owe us a dime. If we get to that point in settlement where our attorney fee is more than you, the client, is taking home, we're going to even that out and reduce our attorney fee because at the end of the day here at Cain Law, we want to do what is best for our clients.