“How will I pay my lawyer” is a common question clients ask. Law firms can work on many different fee arrangements with clients. Some work hourly or take a flat fee for their services. Our experience in representing defrauded investors over many years has taught us that victims of investment fraud or negligence are in no position to pay lawyers out of their pocket. They have already lost enough. At Stoltmann Law Offices, we work on a contingency fee basis with our investor clients.
This means the fee for our services is a percentage of what the client recovers. For example, if the client recovery is $100,000, the fee will be a percentage of the $100,000. If there is no recovery, our services are free.
This contingency fee arrangement aligns the interests of the attorney and the client and provides a financial incentive for the attorney to maximize the recovery. The more the client gets, the larger the fee for the attorney. More importantly, this arrangement means the client doesn’t have to shell-out funds to pay his or her attorney.