What is a Contingent Fee?
I. Personal Injury Cases
Q. What is a contingent fee?
A. Many Kentucky attorneys that handle personal injury claims take injury cases on a contingent fee basis. This means that the attorney will receive a fee only if there is a successful resolution of the case. A successful resolution of a personal injury case in Kentucky would be a settlement or a jury verdict. A contingent fee is a percentage of the recovery (settlement or verdict). Most contingent fee agreements explain that the client has no responsibility for attorneys' fees in the event of an unsuccessful outcome.
