What Is a Contingency Fee?
A contingency fee is an arrangement where your personal injury attorney only gets paid if you win your case. The fee is a percentage of your settlement or verdict — typically 33% before a lawsuit is filed and 40% after filing. If you lose, you owe your attorney nothing.
What Costs Are Separate from the Contingency Fee?
While the contingency fee covers your attorney’s time, case costs are typically separate. These include court filing fees, expert witness fees, medical record retrieval costs, and deposition costs. These are usually advanced by your attorney and deducted from your settlement.
How Pre-Settlement Funding Fits In
Pre-settlement funding is repaid from your settlement proceeds, alongside your attorney’s contingency fee and case costs. Rapid Legal Funding works directly with your attorney to ensure the repayment process is transparent and straightforward.