It’s simple. Contingency fee agreements help ensure that a lawyer’s interests are closely aligned with that of their clients.
Our lawyers only agree to take on cases they believe can be won. In turn, clients are more likely to receive better representation because we’re incentivized to do a good job for them.
Contingent fees also offer clients, regardless of their means, a lower financial risk than they might face with an hourly fee arrangement. Without a contingent fee agreement, corporations or other entities with deep pockets and big legal budgets might find it advantageous to draw out the legal process indefinitely or at least until their opponents can no longer afford to pursue their case.