Jon Selden & Company charges what’s called a contingency fee. This is just like the commercials you see on TV—we don’t get paid unless we win your case. When we do win your case, our fee is one-third of whatever we recover. If we have to file a lawsuit, then our fees go up to 40 percent. This is because it’s a huge pain in the you-know-what to file a lawsuit and go to court. But we will do it if it means winning your case.
Contingency fees are a great way to charge for legal services because our interests are totally aligned with your interests. In other words, we want your case to settle for as much as possible as fast as possible. Because, not only do you get more money faster, but so do we. This sure beats hourly-billing, where we’d require a HUGE retainer fee up front and then bill you a bajillion dollars an hour. In that case, our only interest is to keep stringing you along for as long as possible—not cool!
Every case has expenses too—stuff like copies, postage, medical record ordering fees, etc. We pay for all case expenses out of our firm budget, and then reimburse ourselves at the end of the case. Our case expenses in a typical car wreck case are usually a couple hundred bucks. So don’t worry, we won’t be staying at the Waldorf Astoria and flying private jets around* while we work on your case. We’ll be watching the budget very closely. Why? Because we’re spending our own money.
Remember, we want your case to settle for as much as possible as fast as possible.
*Actual question from actual client.