What is a contingency agreement?

January 8, 2026

Admin

A contingency fee is an agreement whereby the client pays no fees unless and until there is a recovery in the lawsuit. Such fees are usually based on a percentage of the proceeds. Such agreements may also be dependent upon various factors including the nature and complexity of the matter, the risk involved, the cost in pursuing the matter, and the likelihood of success.

The benefit of a contingency agreement is two-fold. First, you don’t receive a monthly bill from your attorney for the time spent on the case. Second, if there is no recovery, there is no fee! At Cohn & Swartzon LLP, we operate on contingency, and you will never pay any attorneys fees to Cohn & Swartzon LLP if there is no recovery.