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Cincinnati Personal Injury Lawyer Blog
Information regarding personal injury claims from a Cincinnati personal injury and accident lawyer focusing on Ohio law
Sunday, February 19, 2006
Personal Injury Attorney Contingency Fees
CONTINGENCY FEES WHAT ARE THEYThe words contingency fee are not always easily understood. It means the there is no fee owed unless an event occurs (the contingency). In personal injury cases this means the recovery of money, either by settlement or verdict. No fee is paid until money is recovered.
This type of fee opens the doors to the court house for the average person. You might not be able to afford a fee of $150 to $300 per hour with no guarantee of the outcome. But a contingency fee allows you to hie an attorney and only pay him for results.
Expenses of law claims are separate. If the attorney is willing to advance expenses for medical reports, records, depositions, they are recoverable, either based on a recovery, or whether or not there is a recovery. This is a matter for you to discuss with your attorney.
Some laywers are unwilling to advance their own money. I generally will advance litigation expenses up to a point, but if a client wants to gamble on trying the case when there
is a fair offer on the table then I expect them to invest their own money.
All lawyers do not charge the same fee. Although 1/3 of the gross recovery is common, some lawyers will charge more, some lawyers will charge less.
In Ohio the contract must be in writing and you should reieve a copy.
f you have any questions regarding attorneys fees or my fees in particular, feel free to call me 621-2345 or go to my web site www.castellilaw.com
posted by Anthony Castelli at 1:51 PM
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