What is a Contingency Fee?
A contingency fee is a fee for services that is payable only in the event of a positive outcome. In the event that no recovery is made, there will be no fee for services. You might have heard a slogan like, NO FEE UNLESS WE WIN! That, more or less, is the contingency in a nutshell.
Sometimes prospective clients inquire about whether Zayed Law Offices is willing to work on an hourly basis. Well, the answer is always: no. First, hourly fees tend to create perverse incentivization. For example, defense firms that work for insurance companies are typically interested in generating as many billable hours as possible to the detriment of the insurance company and the insured. Second, typically injured persons cannot reasonably be expected to advance the tremendous (a) costs necessary to prosecute a complex personal injury case, nor (b) the attorney fees that would be involved.
Why Zayed Law Offices Exclusively Works on a Contingency Fee Basis?
Zayed Law Offices is a trial law firm, and our representation is predicated on trust, loyalty and fidelity. The contingency fee agreement allows us to literally walk in the shoes of our client. If our client doesn't get an award, we don't ask for a penny. This arrangement serves to align the interests of client and law firm.
Another interesting component of our contingency fee work is the statistical underpinning. From a 10,000 sq/ft view, Zayed Law Offices has represented thousands of injured clients. At any given time, we are surely involved in hundreds of complex litigations. Every case is extremely important, but the risk profile for any given case is different for attorney v. client. For the client, their case is probably their only chance at justice. From this perspective, Zayed Law Offices is incentivized to fight for FULL compensation, whereas the client might have less tolerance for risk.
Frankly, an experienced attorney is essential to provide the guidance and strength to give the client the resolve not to take low offers. Taking the point further, Zayed Law Offices prides itself on making sure the client is protected from the risk of loss if possible, but at the same time, our core purpose is to take cases to trial and to work cases up for trial. This is because trial, or the imminent threat of trial, is truly the only way to get full and fair compensation. We will always defer to the wishes of our clients, but we will always advocate for the opportunity to fight for full compensation. This is indeed one of the things that sets Zayed Law Offices apart, we are not only based on principles of integrity and virtue, but we are incentivized to follow the path of integrity and virtue for our clients. We are incentivized to seek full compensation for our clients. Some firms don't have the resources, energy, drive or experience to fight for full compensation. That is not a problem at Zayed Law Offices.
Questions About Your Referral?
If you have questions about retaining Zayed Law Offices on a contingency fee basis in connection with a complex personal injury, medical malpractice or wrongful death case, do not hesitate to call 855.726.1616 for a free, no-obligation, initial consultation.