The Center for Justice and Democracy released a study discussing the contingency fee system in the United States of America. It is titled “Courthouse Cornerstone: Contingency Fees and Their Importance for Everyday Americans.”
The report discussed the contingency fee system. Contingency fees are frequently used by lawyers in order to help their clients. They are especially useful for people who cannot afford to pay high lawyer fees associated with litigation.
The study concluded that contingency fees are helpful to attorneys and clients. Contingency fee lawyers take large risks associated with a claim. They invest a great deal of time and money into their case. If they lose they do not get paid. Accordingly, the contingency fee allows lawyers to take cases to help their clients.