If you are seeking legal representation but are unable to pay an attorney`s fees upfront, you may be interested in a contingency fee agreement with a law firm. This type of agreement is commonly used in personal injury cases, where a lawyer agrees to represent a client without requiring payment until a settlement or verdict is reached.
One example of a law firm that offers contingency fee agreements is LawPRO. LawPRO is a Canadian professional liability insurance provider for lawyers and offers a range of legal services to clients in Ontario.
A contingency fee agreement with LawPRO means that clients will not be required to pay any legal fees upfront. Instead, the lawyer will receive a percentage of the settlement or judgment awarded in the case. This percentage is typically between 20-33%, but can vary depending on the complexity of the case and other factors.
One benefit of a contingency fee agreement is that clients do not need to worry about paying legal fees if they are unsuccessful in their case. This provides a level of financial security for clients who may be hesitant to pursue legal action due to concerns about cost.
It is important to note that not all types of cases are eligible for a contingency fee agreement. In Ontario, contingency fee agreements are only allowed in certain types of cases, including personal injury, wrongful dismissal, and class action lawsuits.
If you are considering a contingency fee agreement with LawPRO or another law firm, it is important to carefully review the terms and conditions of the agreement. It is also recommended that you speak with a lawyer to discuss your individual circumstances and any potential risks or benefits of this type of agreement.
In conclusion, a contingency fee agreement with LawPRO or another law firm can provide financial security and access to legal representation for clients who may not otherwise be able to afford it. However, it is important to carefully review the terms and conditions of any agreement and seek legal advice before proceeding.