One of the ways, in which attorneys get money, is by making a contingency fee agreement with their clients. When a contingency fee agreement is made, an attorney agrees to represent you and to get paid only if you win. After winning, the attorney takes his or her fee as a percentage of what you are awarded. For instance ,if the client is an artist, the attorney will take a percentage of the income generated from the deal made by the label .This includes personal advances paid to an artist by the label .Attorneys are most likely to take cases on contingency if they think that the likely recoveries are adequate to make it worth their while.
Attorneys also get paid in the form of billable hours. This is sometimes referred to as a flat fee arrangement. Here, one pays for their services according to the amount of time an attorney represents you. Here an agreement is made on the agreed –upon hour rate for the hours worked on a particular case
Another way in which they make money, is the hybrid arrangement, where the attorney charge a low hourly fee with the understanding that , at the end of the deal, they will receive a percentage of the net money that the client receives from the case.
Lastly, some burbank dui or bankruptcy lawyers will take a fee based on the size of the deal once it is concluded. In this case one pays the attorney depending on the value of the deal. The more the value the lawyer helped you get, the more they get paid .It is worth noting that in this case, the attorney only draws their percentage from the net client’s share and not the gross amount received. This is somehow similar to a contingency fee agreement.
Generally ,one should note that ,whichever fee agreement one chooses, the more money in a particular client or case, the more money an attorney makes.
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