About Contingent Fees

What is a contingent fee?

A fee paid to an attorney, only in the event of a favorable outcome in your case, is commonly referred to as a 'contingent fee.' This simply means that the attorneys only charge you for services rendered if they win your lawsuit or the case is favorably settled outside of court. Commonly, the fee charged is based on a percentage of your net award or recovery in a case. This type of fee arrangement is used frequently in personal injury cases but can apply to many forms of legal actions and litigation, including the complex commercial litigation and patent infringement litigation services offered by Clearman | Prebeg.

At Clearman | Prebeg, we believe that your interests can best be served through a contingent fee arrangement. This method of payment allows clients to utilize our professional services who may not otherwise be able to afford them. We feel as many individuals as possible should have access to our legal system. Moreover, a contingent fee serves as motivation for the lawyers in the firm to create a positive outcome for their clients, with everyone benefiting by maximizing the potential settlement. An experienced and knowledgeable commercial litigation or patent litigation lawyer can fully brief you on how contingent fees work and the advantages to this method of payment.

Commercial Litigation Attorney

The firm offers a variety of contingent fee arrangements and works to find the one best suited to each client. Some of the types of fees they offer are:

• Pure contingency fee – This is the most common contingent fee in which the firm receives a fixed or scaled percentage of monies awarded from a litigation action
• Reduced contingency fee – In this arrangement they receive either a portion of their hourly rate (or the client pays expenses, or a portion thereof) in exchange for a lesser portion of any settlement that they recover on your behalf
• With a pure contingency fee the firm pays for all expenses related to the case and receives only a percentage of the money that is awarded in the case. In a blended contingency, the client pays a retainer or expense reimbursement to the firm (or a portion of the attorneys" hourly rates), coupled with a percentage of the net fees that you recover.

There are other contingent fee arrangements, such as strategic alliances with brokers that may be best for you. A contingent fee allows Clearman | Prebeg to form a powerful alliance with our clients, local counsel, and brokers as we move towards a common goal of successful litigation and monetization of your patent.

Contact a Commercial Litigation Attorney to find out how a contingent fee arrangement can best serve the needs of a client.