The percentage to be charged on a contingent fee case, to a large extent, depends on the type of case. In automobile accident cases a contingent fee of one-third (1/3) of the recovery is common. Contingency fees are paid at the conclusion of a case, and only if there is a recovery. The contingency fee usually comes out of the settlement paid by the at fault party's insurance company. If the at fault party does not have insurance the settlement may be paid under the injured party's uninsured or underinsured motorist coverage.
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Answered on Nov 29th, 2011 at 3:57 PM