Elk & Elk has a No Fee Promise

no fee promise

"Most people have a preconceived idea that it costs a lot of money to be represented by a skilled attorney whose main focus is injury law. At Elk & Elk Co., Ltd., we take great pride in being able to represent victims of injury who in most cases will pay us nothing unless we have a successful outcome." - David Elk

Contingency fees: What are they?

At Elk & Elk, we operate on what's called a contingency fee basis. In a contingency fee business model, clients hire our firm without paying any up-front costs or fees with the understanding that, if there is a successful outcome and financial recovery in the lawsuit, we will claim a percent of that recovery. However, if there is no recovery for the client, the client does not owe any fees or other costs to the firm. Some form of this approach to fees is common among plaintiff law firms handling personal injury and employment matters. Although the details of contingency fee agreements vary from firm to firm, at Elk & Elk, a client pays nothing unless we have a successful outcome.

How does the firm make money?

People often ask, "If you only charge legal fees if you win, how do you make money?" Managing partner Arthur Elk answers the question:

"We place a lot of confidence in our clients. In most cases, they're just hard-working, average, every day people who have been the victims of personal injury and all they want is to have their lives put back on track. We thoroughly research each and every potential case we learn about. We're selective in what cases we take in that, if it doesn't prove to have merit, we'll pass on it, but we take each case seriously and give it the attention it deserves."

Elk said, for these reasons, Elk & Elk has enjoyed a long history of successful case outcomes, which has helped give the firm a strong financial foothold. In short, if our client wins, the firm wins, too.

What about the costs of experts, investigators and other expenses of a lawsuit?

Our law firm has the resources to pay for expenses that are part of complex personal injury cases. Here are some examples of recent costs fronted by our Cincinnati law firm:

  • More than $42,700, including more than $35,000 for an expert witness, in a recent commercial motor vehicle accident case.
  • The firm advanced more than $71,500 to support the client's arguments, including nearly $34,000 for an expert's testimony, in a wrongful death case.
  • Elk & Elk fronted nearly $121,000 in various expenses, including almost $65,000 for an expert witness, in a recent medical malpractice case.

Very few individuals are able to cover expenses such as these, which is why Elk & Elk takes care of the upfront costs involved in developing a strong personal injury case.