Cincinnati Attorney Joe Lyon Answers Common Legal Questions: What is a Contingency Fee? What Fee Structures Does Your Firm Use?
“A contingency fee is a fee arrangement between the client and the attorney, where the financial risk of the case is shifted from the client to the attorney. In the typical contingency fee arrangement, the attorney will take a percentage of whatever is recovered in the case, by way of settlement or verdict. As a part of the contingency fee, if there is no successful result in the case, whether by settlement or verdict, the attorney agrees not to ask the client to reimburse the attorney for the time spent on the case. In contingency fees that my firm enters into, we also agree to advance all of the litigation costs in the case, and if there is no recovery in the case, we will not ask the client to reimburse us for those costs.
“In exchange for a percentage of the recovery, we take the financial risk, in terms of our time and financial resources, to move forward with the case. We enter into these agreements because we only take cases that we feel very strongly about.”
Joe Lyon has tried numerous cases following serious injuries, and recovered funds that help pay for past and future medical bills, lost wages, pain and suffering and other damages that may have been incurred. Joe Lyon works diligently on your behalf to ensure a better quality of life.
If you or a loved one suffered an injury and have questions about the root cause and the legal remedies available to improve quality of life and medical care in Ohio, contact The Lyon Firm (800) 513-2403. You will speak directly with Mr. Lyon, and he will help you answer these critical questions.