Finding Relief With A Personal Injury Attorney

Explaining Contingency Fees In Personal Injury Cases

Working with an attorney is always the right choice in a personal injury case. However, many people aren't familiar with the contingency fee payment structure that personal injury lawyers commonly employ. This guide will explain contingency fees in personal injury cases and how they can benefit you.

What is a Personal Injury Claim Contingency Fee?

A contingency fee agreement allows you to pay your attorney out of the settlement for your personal injury case. Contingency fees are usually dependent on the client winning the case. If your claim doesn't reach a settlement in your favor, your lawyer covers case-related costs such as record request fees and negotiation expenses.

According to AllLaw.com, the typical contingency fee in a personal injury claim falls between 33% and 40%. Some attorneys use a sliding scale contingency fee agreement, in which the fee they are owed is reduced if the case is settled early. Discuss contingency fee options during your first consultation with your personal injury lawyer.

Who Benefits From Contingency Fees?

Contingency fees are most beneficial for clients who would struggle to collect enough funds to pay upfront for legal representation. Attorney fees can be one of the costliest parts of a personal injury case, and having an attorney is essential to maximize your chances of receiving much-deserved compensation. With a contingency fee agreement, you can start working with a professional to resolve your claim right away.

All personal injury clients benefit from contingency fee payments because the final costs of a case will be more predictable. There's no chance that a drawn-out case will raise your attorney fees as can sometimes happen with hourly rate agreements. Contingency fees make the personal injury claim process more accessible by helping you manage out-of-pocket expenses.

Finally, contingency fees benefit clients by minimizing their risk in a personal injury claim. With this arrangement, your attorney will cover most case-related costs up front and incur their risks. If you don't win your case, you won't be liable for repaying these expenses. A contingency fee gives you peace of mind that your attorney's interests are aligned with your own in achieving maximum compensation for your claim.

When you've been injured by another party's negligent or malicious actions, hiring a personal injury lawyer should be your next move. Don't let cost concerns prevent you from getting the best representation for your case. Talk to local personal injury attorneys about the contingency fee plans they offer!

For more information, contact a personal injury attorney near you.