Average Contingency Fee Percentage
The contingency fee that your lawyer collects is calculated using a percentage that varies by state and is subject to change. For the most part, attorneys will collect contingency fees that fall somewhere in the 35-45% range. The average contingency fee percentage is one-third of the settlement or 33%. Ask your lawyer ahead of time what to expect for contingency fees. Be sure to ask in your initial meeting and if anything about the agreement is unclear, do not sign the documents.
Here is a sample of a contingency fee scale. In this example, the contingency fee is a percentage that is based on the time it takes a lawyer to resolve your case. If your case settles during negotiations with the insurance company before the lawsuit is filed, the contingency fee is 25%. If your lawyer files a lawsuit, but the case settles before the trial, the contingency fee is 33%. If your case goes to trial and settles favorably, the contingency fee is 40%. In addition to contingency fees, your lawyer may also deduct various court costs and miscellaneous expenses from your final settlement amount.
While you may not have to pay for legal services up-front, read the fine print before signing with an attorney to be aware of the costs you are responsible for at the end of your case. All case-related costs and the lawyer's contingency fee will be deducted from your final settlement amount.
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The lawyers at The Roth Firm, LLC have the skills and experience necessary to help secure your most substantial settlement amount possible. Our attorneys are dedicated to seeing clients win a compensation amount that is fair to their pain and suffering.