Contingency fees are a great way to advance a lawsuit if you are unable to pay an attorney on an hourly basis. Many Cleveland attorneys will not get involved in a case without a substantial retainer fee combined with a significant hourly rate.
The attorneys at Triscaro & Associates take many types of Ohio cases on contingency fees, including:
- Personal Injury
- Medical Malpractice
- Car Accidents
- Wrongful Death
- Civil Litigation
- Probate Litigation
- Real Estate Claims
If you have a potential claim that you are looking for a Cleveland or Northeast Ohio lawyer to pursue on a contingency basis, please feel free to contact us today.
How do Ohio Contingency Fees Work?
In Ohio, attorneys are permitted to undertake representation in a number of different cases on a contingency fees. Contingency in the context of legal representation means that there is no attorney fee unless their is a recovery on your behalf. Typical contingency fees in Ohio range from 1/3 to 40% of the gross amount recovered.
What about Case Expenses?
Many Ohio contingency fee attorneys are willing to advance case expenses, which can include:
- Filing fees
- Deposition costs
- Expert witness fees
- Record retrieval costs
- Court costs
It is important to have a discussion with your Ohio contingency fee attorney upfront to see if they will be advancing expenses. Otherwise, you will be responsible for such costs along the way. If attorneys advance costs and expenses they are recouped from the gross recovery after the attorney fee percentage is taken.
It is also important to discuss whether you will be responsible for any advanced costs or expenses if your claim is not successful. Certain attorneys may try to recoup their costs even if a case is lost.
Benefits of contingency fees include the following:
- The ability to retain reputable and successful attorneys one would not ordinarily be able to employ at an hourly rate.
- Providing a strong incentive to your lawyer to maximize your recovery, because the higher the monetary award the higher the attorney fee.
- Strengthening your bargaining position and staying power through negotiations with corporate defendants and insurance companies.
Example of an Ohio Contingency Fee Breakdown
Gross Recovery: $1,000,000.00
Attorney Fee (1/3): $333,333.33
Advanced Costs/Expenses: $66,666.67
Net Recovery to Client: $600,000.00
Contingency fees offer clients the ability to retain the top attorneys in Cleveland or Northeast Ohio without having to pay exorbitant up front costs. If you have a claim that you are looking for an attorney to undertake on a contingency fee, contact an attorney at Triscaro & Associates today for a free and confidential consultation.