Winning Your Case With A Contingency Fee Lawyer

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Almost everyone has seen the advertisements on billboards and television touting legal representation with no upfront legal fees. The lawyers advertising their services in this manner use contingency fee arrangements. This way of purchasing legal services can be a great way for accident victims to get the help they need, but they should understand how these arrangements work. Read on for some guidance to get you started.

How Do Contingency Fee Lawyers Get Paid?

If you've been hurt in an accident, you can expect to be paid by the at-fault driver's insurance company for medical expenses, lost wages, pain and suffering, loss of property, and more. That money can come to you two ways – either by a settlement or by a court judgment. Contingency fee lawyers are paid from the compensation you get. The amount is negotiable, and it might be a percentage of the award from 5% to 50%.

What Are the Benefits of a Contingency Fee Arrangement?

If your lawyer offers you a contingency fee arrangement, then they think you have a good chance of winning your case. Take a look at some of the benefits of this type of payment arrangement:

1. You don't need cash – Most accident victims are already suffering from the negative effects of an accident to their budget and don't need an additional bill to pay. This allows the victim to wait until they are paid what they are owed to pay the legal costs.
2. You don't owe anything unless you win – Other than contingency fee arrangements, lawyers are typically paid using an hourly, flat-fee, or retainer fee agreement. All of those cost money, and at least some of the money is due immediately. Also, even if you end up losing your case, you will owe the lawyer for their work on your case. With a contingency fee arrangement, if you lose your case, you won't owe the lawyer any money at all. Be sure to ask the lawyer about any small fees that might not be covered by the contingency fee arrangement and read the agreement carefully before you sign it.
3. You know the lawyer will do their best – Since the lawyer won't be paid for the work they do unless they win the case, they have a financial stake in your case. The better your case, the more they (and you) could be paid. Often, the lawyer will speak with you about the accident, your injuries, and the evidence to support the case and make a decision about representation at the first meeting or shortly afterward.

Make an appointment and talk with a personal injury lawyer like Cok Kinzler PLLP about your case and potential contingency fee arrangements today.

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20 August 2020