What You Need to Know About Business Contingency Fee Arrangements in Florida
We all know that litigation can be extremely expensive. Many Florida businesses are deterred from litigating an issue simply because of the costs involved. After all, the idea that your company could potentially pour resources into a dispute, only to be left with no recovery is frightening. This is especially true for small and mid-sized businesses. However, there is good news. Florida businesses have options that can help them get around the steep upfront costs and high risks of litigation. This can be done by using a business contingency fee arrangement. This option might be the right choice for your company. If you are involved in a dispute and you have questions about contingency fee arrangements, please do not hesitate to contact an experienced West Palm Beach attorney to learn more about what our team can do for you.
You Can Afford a Business Litigation Attorney
With a contingency fee arrangement, every Florida business, no matter how small, can afford business law representation. You will not be required to pay high upfront legal fees. Instead, your attorney will only collect fees as a percentage of your settlement offer or judgement. Obviously, this means that your attorney will only get paid if you successfully obtain compensation.
The Attorney Will Take on the Risks
In the event that your claim reaches an unfavorable result, you will not be required to pay attorneys’ fees. This means that your attorney will be taking on all of the risks involved in bringing your case. When you hire an attorney under this type of arrangement, your attorney will never be taking any money out of your pocket.
Client-Attorney Incentives Will Always Be Fully Aligned
Incentives matter. Business owners understand this issue better than anyone else. When hiring an attorney using a business contingency arrangement, your incentives will be fully aligned with your attorney. Your attorney can only make more money in fees by getting you more money in compensation. Furthermore, you never need to worry about hourly billing. You can call up your attorney to discuss your case without the hesitation that comes with knowing that your time on the phone will go directly onto your bill.
You Can Take on Companies with Deep Pockets
In some cases, you may run up against a massive corporation with endless resources. Understandably, you might be worried that this big company will bury your business with paperwork, resulting in legal fees that quickly pile up. When you are using a business contingency arrangement, this is simply not an issue. Your attorney will not let a big company force your business out of a legitimate case.
Do You Need Business Law Help in West Palm Beach?
At Pike & Lustig, LLP, our team understands the advantages of using contingency fee arrangements. If your small or mid-sized business is involved in a legal dispute, and you believe that you could benefit from one of these arrangements, please do not hesitate to contact our team today. We proudly serve business throughout South Florida, including in Palm Beach County, Broward County and Dade County.