Personal injury lawyers make money by winning personal injury claims in court or by settling personal injury cases out of court. If no money is obtained through a judgment or settlement, the client does not pay attorney’s fees. The contingency-fee structure helps clients secure legal representation without any up-front or on-going legal costs.
How does a Contingency Fee Work?
A lawyer is only paid if a favorable judgment or settlement is obtained. This means that clients do not have to pay anything up front, or pay on-going bills throughout the representation. In most cases, the contingency fee is a percentage of the amount recovered.
What happens if the lawyer recovers nothing?
If the lawyer is unable to recover the client does not pay an attorney’s fee. Furthermore, in most instances the client does not have to reimburse the lawyer for litigation costs. In the majority of personal injury cases, the lawyer will cover all of the fees related to the case. These costs include investigators, court reporters, expert witnesses, court costs, and any other expenses necessary to prove the client’s case. If for some reason the attorney is unable to recover for the client, the attorney ends up losing money.
Benefits of Working on a Contingency Fee
- Client does not pay any upfront fees
As a client you will not have to pay an up front fee, which can be helpful to the majority of people. This allows your case to be opened and worked on immediately without any fees holding you back.
- Helps level the playing field
Large corporations and insurance companies hire lawyers that charge hundreds of dollars per hour for their legal services. Most people cannot afford to pay a lawyer’s hourly rate, working on a contingency fee helps level the playing field and greatly benefits injured victims.
- Up front expectations
There is no guessing game. You and your attorney will set up a percentage depending on your case.
- Can expect a hard working attorney
Contingency fee relationships create a win/win environment. Interests are aligned and the attorney is only paid if they are successful. Unlike attorneys who bill by the hour, there is no financial benefit in a case dragging on. The attorney is focused on getting you the best result as quickly as possible.
If you have a case but are afraid you cannot afford quality legal representation then give us a call today. We are happy to help.