Due to COVID 19, we're providing FREE consultations via PHONE or VIDEO conferencing for your safety and convenience. Please see Our Coronavirus Policy.

Articles Posted in personal injury contingency fee

lawyer-client-198x300

Attorney and client walking up the steps of a courthouse

New York personal injury lawyers usually charge on a “contingency fee” basis.  The contingency fee allowed in a personal injury case varies from state to state, but generally it is either 1/3 (33 1/3%) or 40%.  In New York it’s at most 1/3.  It is often less where the lawyer is representing a minor and in medical malpractice cases.  For the purposes of this blog post, let’s assume it is 1/3.  But 1/3 of what exactly?  It depends.  Read on to find out!

But before I explain how it works, let me explain why it even exists.  The contingency fee exists because most people can’t afford the very high hourly-based fees lawyers would charge.  The hourly-based fees might reach over $100,000 in a complicated case.  The contingency fee allows regular folks who have a valid personal injury claim to seek justice.The contingency fee is a gamble for your lawyer.  If he does not win your case, he does not get paid. If he does win, or settles, he gets roughly a third of the money.

Contact Information