Contingency fee vs hourly rate personal injury

Contingency fees and hourly rates are two fundamentally different payment structures. With a contingency fee, you pay nothing upfront and your attorney receives a percentage (typically 35%-40%) of your recovery only if you win. With an hourly rate, you pay for every hour your attorney works regardless of the outcome—which can quickly add up to thousands of dollars with no guarantee of success. Nearly all personal injury attorneys work on contingency because most accident victims can't afford hourly rates while dealing with medical bills and lost income. Contingency fees also align your attorney's incentives with yours: they only get paid if you get paid.