Explain what is meant by a contingency-fee arrangement with a lawyer.
What will be an ideal response?
In certain types of cases, attorneys work on a contingency-fee basis. Under a contingency-fee arrangement, the lawyer receives a percentage of the amount recovered by winning or settling a case. Contingency fees normally range from 20 to 50 percent of the award or settlement, with the average being about 35 to 40 percent. Expenses for expert witnesses and the like are deducted from the gross amount recovered. The client receives the remainder after attorney fees and expenses have been deducted. If the lawyer does not win or settle the case in the client's favor, the lawyer receives nothing. Contingency-fee arrangements are often used in automobile accident lawsuits, medical malpractice claims, product liability lawsuits, and other personal injury lawsuits.
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