Why the Contingency Fee?
I have to admit that in Louisville, I’m probably a rare breed. I handle business litigation cases on a contingency fee basis (or a hybrid hourly-contingency basis depending on what the client wants). I am a firm believer in the contingency system because it provides the most incentive for the lawyer to do the best job possible for the client without expending needless resources simply because the lawyer is paid by the hour.
I recently ran across this article, expressing much better than I can, several reasons why corporations and small businesses should incorporate contingency fee contracts in their cases, regardless of how large they potential recovery may be.