Lee Arter explains what contingency fees are and why personal injury attorneys work on a contingency fee basis.
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Video transcript for our Los Angeles Attorney Fees below:
“Personal injury attorneys operate on a contingency fee basis. Because usually when someone gets hurt it’s not like big business or something where they can go in and lay down 10 or 20 thousand dollars as a retainer and pay some attorney by the hour. So through the years it has been found that it is more convenient for people who are injured to hire a personal injury attorney on a contingency basis, where they pay a percentage of their recovery and that’s how the attorneys is compensated. He does all the work, and the money is brought in and the client is given their money at the same time as the attorney. The attorney doesn’t get paid until the client gets paid. So we want to settle the cases as best and as quickly as we can.” |