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What is a Contingent Fee?

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.