Some victims suspect that they are not being offered the right amount of compensation after an accident but are not sure how to cope with things. It's helpful to know that accident victims don't have to worry about paying a personal injury lawyer to get their case started. Contingency fee arrangements are the perfect way to get the legal support you need for your case even when your financial situation is in chaos. Read on and find out more.
Fees Are Contingent on a Win
The term contingency means that you won't have to pay any legal fees unless your case is won. In a car accident case, you can either win a settlement or a court case for a judgment on your behalf. Once the case is won, then you owe the lawyer the legal fees as agreed upon when you formed the agreement. In most cases, your legal fees are automatically deducted from the winning compensation before you are paid. However, if you do not win any money with the case, you will not owe the lawyer any legal fees.
The Benefits of a Contingency Fee Arrangement
There is more to know about a contingency fee arrangement than the ease of hiring a personal injury lawyer to represent you. You can also be assured that you have a good case. Personal injury lawyers value their time, and they will only agree to take a contingency fee case if they are sure you will win.
The amount of compensation is another factor. To make the compensation fair and adequate for both you and your attorney, the settlement or judgment should be generous enough to pursue. Finally, if you enter into a contingency fee agreement with an attorney, they are very likely to do everything possible to bring you the largest settlement possible because their fee is based on a percentage of the settlement or judgment. Here is what else victims need to know about contingency fee arrangements:
- The fee percentage charged by personal injury lawyers varies depending on factors like their experience, the complexity of the case, local practices, and more. While fees are negotiable, most lawyers within a geographical area charge similar percentages to stay competitive.
- Take a look at the contract and understand what is covered. Some lawyers have a separate fee structure if the case goes to court.
- Often, you can meet with a contingency fee lawyer free of charge and have your case evaluated.
What have you got to lose except the compensation you deserve? Speak to a contingency fee personal injury lawyer as soon as you can.
For more information, contact a personal injury law firm in your area, such as Frank Penney Injury Lawyers.