A no win, no fee lawyer is one that takes cases on a contingency basis, meaning the lawyer does not charge for his services unless he wins the case, AllLaw explains. The fee is deducted from the settlement or verdict handed down at trial.Continue Reading
Most personal injury lawyers cover the costs and expenses and then deduct those costs from the client's share of the settlement, AllLaw notes. Some lawyers charge clients for costs and expenses when they become due. The costs and expenses in most personal injury cases include the cost of medical records, police reports, postage, filing fees, expert witness fees, depositions, investigators and the exhibits at trial.
The amount a lawyer can charge for his contingency fee is usually not regulated by law, the Cochran Firm notes. There are some exceptions to this rule, including claims brought under the Federal Tort Claims Act, or workers' compensation cases. Due to competition, most contingency fees are uniform throughout the United States. Many times a lawyer who raises a decent amount of money on risky cases may charge a higher contingency fee. Generally, the lawyer receives the settlement check and deducts the amount before the balance is turned over to the client, AllLaw notes.Learn more about Law