Contingency Fee Attorney for Securities Fraud: Access to Legal Representation
Contingency fees are a payment arrangement allowing you to secure legal representation without needing upfront fees or hourly charges. Instead, under this arrangement, the attorney’s compensation hinges on the outcome of your case. In simpler terms, we only get paid if we successfully recover money or achieve a favorable outcome for you.
Typically, our fee is a predetermined percentage of the final settlement or damages awarded by the court. Contingency fees are a fee structure commonly used by securities attorneys and law firms in fraud and negligence cases. Here’s an explanation of these fees and why they can benefit you when hiring securities fraud attorneys at The White Law Group.
- Access to Legal Representation: These fees make legal help accessible, even if you don’t have the immediate financial means to cover legal expenses upfront. You can pursue legal remedies without the burden of immediate out-of-pocket costs.
- Aligned Interests: With contingency fees, the interests of The White Law Group’s securities fraud attorneys are closely aligned with yours. We’re motivated to work diligently, efficiently, and effectively to maximize your recovery because our compensation depends on the case’s success.
- No Financial Risk: Importantly, you won’t bear the financial risk of losing the case. If we are unsuccessful, you typically won’t owe any legal fees. This arrangement offers you peace of mind, ensuring you won’t face additional financial hardship if the outcome isn’t favorable.
- Focused Representation: Securities attorneys and law firms often exercise careful discretion when taking fraud and negligence cases on a contingency basis. We’re more likely to accept cases with merit and a reasonable chance of success. This translates into more focused and strategic legal representation for you.
- Encourages Settlements: Contingency fees can incentivize opposing parties to settle cases on more favorable terms earlier. They understand that we are committed to securing your best possible outcome.
- Potential for Higher Awards: The contingency structure can sometimes lead to you receiving larger settlements or damages in securities fraud cases. Our attorneys are motivated to maximize your recovery, which will directly impact our fees.
- Cost-Effective Legal Representation: You can access high-quality legal representation without worrying about escalating costs, as hourly billing is not involved.
Key Considerations
Before proceeding with a contingency agreement, it’s essential that you fully understand its terms and conditions. Factors to consider include the percentage fee we will charge, whether costs and expenses are separate from or included in the contingency fee, and situations in which we might withdraw from the case.
Partnering with an attorney from a contingency law firm for a securities fraud claim is invaluable for individuals seeking legal representation, especially when upfront payment may be challenging. The contingency arrangement promotes fairness, risk-sharing, and alignment of interests between us as your attorneys and you as the client. It allows you to pursue legal remedies without immediate financial stress. However, we strongly encourage you to thoroughly review and discuss the specifics of any contingency agreement with us to ensure complete clarity and transparency about the terms.
Hiring a Contingency Attorney for Securities Fraud
This information is publicly available and provided to you by The White Law Group. For a free consultation with a securities fraud attorney from our contingency law firm, please call the offices at (888) 637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors file claims against their financial professional or brokerage firm in all 50 states. Since its launch in 2010, the firm has handled over 800 FINRA arbitration cases.
Our attorneys represent investors on a contingency basis in all types of securities fraud claims, including claims involving stock fraud, broker misconduct, churning, unsuitable investments, selling away, and unauthorized trading.
With over 30 years of securities law experience, The White Law Group has the expertise to help investors defrauded in securities, investment, and financial business transactions attempt to recover their investment losses.
Frequently Asked Questions
No, you do not need to hire a contingency attorney or one who charges hourly for your FINRA arbitration securities fraud claim. Most disputes are resolved through FINRA arbitration. According to FINRA’s Code of Arbitration Procedure, parties are entitled to an attorney at any point during the arbitration process. Parties are not, however, required to have an attorney. That said, a securities attorney likely has experience arguing claims before a FINRA arbitration panel and knowledge of various FINRA rules and procedures.
A contingency fee agreement outlines the percentage a client will pay to their attorney for the damages they receive for a successful securities fraud claim. For example, a contract could state that the client will pay 25 percent of the amount recovered through FINRA arbitration. Agreements also typically dictate the responsibilities of the client and attorney, conditions under which either side can end the deal, and how the attorney will respond if the opposing side attempts to settle the claim through mediation.
Under most contingency fee agreements, securities attorneys collect between 20 percent and 40 percent of the damages. On average, law firms charge between 30 percent and 35 percent. Some U.S. states set limits on the amount law firms can charge. For example, California caps contingency fees at 40 percent of damages.
