The Contingent Fee
The Contingent Fee arrangement -- no money up front, no fee unless the claim and the fee itself are approved by Social Security -- is the fee arrangement used by most Social Security Disability attorneys offer instead of an hourly billing arrangement. This makes it possible for claimants with limited resources to obtain representation by an attorney.
Under the Law, a contingent fee equal to 25% of
past due (retroactive/back pay) benefits but not more than $7,200.00 is the only fee arrangement
Social Security will approve and withhold to pay the attorney unless the attorney decides
to file a fee petition, that is, a list of billable hours, for approval by SSA of an amount that,
in some cases, could be higher than the $7,200 limit in a contingent fee arrangement.
07/10/2024