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What Is a Contingency Fee in Legal Representation?

What Is a Contingency Fee in Legal RepresentationAt MANEY | GORDON Trial Lawyers, we understand that the concept of legal fees can often be confusing and somewhat intimidating. That’s why we’re committed to providing clear, straightforward answers about one of the most client-friendly payment structures available in the legal field: the contingency fee. This guide will explore what a contingency fee is, how it benefits you, and why choosing MANEY | GORDON Trial Lawyers for your legal needs in Tampa and throughout Florida would be your best decision.

Understanding Contingency Fees

A contingency fee is essentially a simple agreement between a lawyer and their client that ensures legal services are accessible to everyone, not just those who can afford to pay hourly rates upfront. Under this arrangement, MANEY | GORDON Trial Lawyers only gets paid if you win your case. Our fees are then deducted as a percentage of the settlement or judgment awarded to you. This model aligns our success with yours and motivates us to achieve the best possible outcome.

The Benefits of Choosing a Contingency Fee Model

Choosing a contingency fee model has several advantages:

  1. No Upfront Costs: You don’t pay anything out of pocket when you initiate your case. This can be particularly helpful if you’re facing financial strain due to an injury or litigation.
  2. Risk Reduction: Since payment depends on the outcome, you’re not at risk of paying legal fees without earning compensation.
  3. Aligned Interests: Your goals are our goals. We work diligently because our compensation is directly tied to your success.
  4. Access to Quality Legal Representation: This fee structure makes high-quality legal services available to those who might not afford them otherwise.

How Contingency Fees Work in Personal Injury and Trial Law

In the realm of personal injury and trial law, contingency fees are particularly common. At MANEY | GORDON Trial Lawyers, here’s how it typically works:

  1. We review your case and discuss the likelihood of a successful outcome during a free initial consultation.
  2. If we take on your case, we cover all associated costs from start to finish.
  3. We negotiate with the other parties involved and aim to reach a settlement that is in your best interest. If necessary, we are prepared to take your case to trial.
  4. If we secure a settlement or win at trial, we receive a previously agreed percentage of the award plus case expenses. If not, you owe us nothing.

Why Choose MANEY | GORDON Trial Lawyers?

Choosing the right legal representation is crucial, and MANEY | GORDON Trial Lawyers stands out in several ways. Firstly, our managing partner, Jack Gordon, has been recognized for his exemplary legal work and inducted into Florida Trend’s Legal Elite Hall of Fame in 2023. Additionally, we have a track record of success, having recovered hundreds of millions in compensation for our clients across Tampa and other Florida cities.

MANEY | GORDON Trial Lawyers is proud to serve numerous communities across Florida, including Tampa, Clearwater, St. Petersburg, Palm Harbor, and Carrollwood. No matter where you are in the state, we are here to help you navigate your legal challenges with confidence and care.

If you or someone you know needs legal assistance, consider the benefits of a contingency fee arrangement with MANEY | GORDON Trial Lawyers. Contact us today to schedule a free consultation and learn how we can help you achieve justice without the burden of upfront legal fees.