Contingency Fee
My name’s Gil Gilmore. I’m an attorney with Gilmore Law firm. We have offices in Grove Hill and offices in Mobile. We specialize in representing injured parties who’ve been involved in automobile accidents or are injured through a defective product. And today, I’m going to talk to you about contingency fees. Most of the time when people are injured in lawsuits, they’re in the hospital, they hurt, they’re out of work, they have medical bills.
They don’t have the funds sitting around to pay a lawyer an hourly fee. Contingency fee is nothing more than a percentage of the recovery that the client will receive. And the reason it set up is to level the playing field so that all parties have an ability to hire good, competent lawyers if they’re involved in an accident, or hurt by a defective product.
Some of these cases are very, very expensive to prosecute. You have expert fees, you have accident reconstruction fees. You have testing fees. You have the deposition costs, court filing fees. And most clients just don’t have those kind of forms in which to pay those upfront fees. At Gilmore Law Firm, we cover those fees and we pay them in advance, as the case is being prosecuted and don’t recover unless that recovery don’t get reimbursed unless there’s a recovery down the road.
So the client is not obligated to pay the fees. And in the slight chance, doesn’t happen often the case it does, if there is not a recovery, then the client is not obligated to pay the cost or any attorney’s fees in the case. So it’s a contingency. Contingency fee is a way to level the playing field so that all parties can have competent council and not just the insurance company.
Contingency fees are our way to make sure that lawyers don’t file frivolous lawsuits because, as we all know, a percentage of zero is zero, and it makes sure that only competent cases are filed. Here’s what would happen if there were no Contingency Fees. And what would simply happen would be a lot of people who were injured would not have the ability to fight the insurance companies, to get justice when they are injured.
