What Are the Fees and Costs?
The Farber Law Group represents people who have suffered personal injury on a "contingent fee" basis. This means that the attorney's fee is contingent on the outcome of the claim. If the client does not win his case and receives nothing, then The Farber Law Group is not paid for professional services rendered. If there is a recovery, the attorney receives a percentage of the award as his fee. Usually attorneys charge one-third of the gross recovery. In cases where an extraordinary amount of legal work is required, such as cases involving medical negligence or products liability, the fees are commonly 40%.
Also, many attorneys increase the basic percentage from one-third to 40% if the case when to trial or if it settles just before trial.
It is often said that the contingency fee arrangement is the ordinary citizen's "key to the courthouse." If people were not allowed to hire an attorney on a contingency fee basis and required to pay large retainers at the outset of a case and hourly charges thereafter, many people simply could not afford to assert their legal rights to fair compensation. Consequently, the contingency fee arrangement is very popular and used by almost all of the clients of our firm.
In addition to attorney's fees, there are litigation costs that are also incurred in the prosecution of a personal injury claim. These involve filing fees, cost of acquisition of medical records, expert witness fees, costs of exhibit production, court reporter charges, etc. These costs and expenses other than attorney's fees must be charged to the client and are not contingent on the outcome of the case. This is required by the Rules of Professional Conduct. However, attorneys are permitted to advance (loan) costs to a client with the understanding that they will be charged back at the conclusion of the case and deducted from the client's share of the recovery. The Farber Law Group normally advance costs for our clients.