I am not a lawyer, I am a (Judgment Broker) expert in judgement referral. When you employ a contingency lawyer, it means that at least some of the fees of the lawyer will be from the defendant/judgment debtor’s eventual payment.
You are asking them to take on a financial risk whenever you ask a lawyer to work for you on a contingency basis. The lawyer might not get anything if the case is not won, or the judgement is not recovered. In all cases, the defendant or judgement debtor’s available assets will be considered by a contingency lawyer.Law Offices of Joan M Lauricella has some nice tips on this.
One may be able to find a contingency lawyer to sue an entity or to recover an existing judgement in order to get a judgement. When the judgement debtor/defendant is wealthy, all costs, including their hourly rate, can be paid by the lawyer. If the debtor/defendant in the judgement is not wealthy, lawyers are more likely to require you to pay some or all of the costs.
How much a contingency lawyer charges is another factor. Those charging 50 percent may pay all fees, those charging 30 percent may require you to pay up front all the expenses.
It is very important to read the contingency agreement of the lawyer carefully so that you will not be surprised later. Make sure that you know what you are going to pay for success, and also for failure. If you want to give up, or hire another lawyer, make sure you know what is happening and how much it will cost.
Often, you still have to pay something whether you win or lose, depending on the details of the retainer agreement.
Your local statutory state bar may be the best place to find a pre-judgment contingency lawyer. Using a judgement broker is the best way of finding a post-judgment contingency lawyer.