Attorney’s Fees in a Car Accident Case
Personal Injury Lawyers » Attorney’s Fees in a Car Accident Case
How Attorney’s Fees Work in an Automobile Accident Case
Everyone has heard horror stories about how attorneys charge exorbitant fees and how the only party who always wins in a lawsuit is the firm. The reality of the situation is attorney’s fees are not really that scary of a proposition. This article will describe how attorney fees work in a car accident case.
Contingency Fee Contracts
The term “contingency fee” essentially means that the payment of legal fees is contingent upon our firm winning your case. If we don’t win, you don’t pay us. Period.
Here’s how that works:
We front all costs and we will be reimbursed only if we are successful. There are many expenses associated with researching your claim and filing for damages through the court system, but since we understand that you have probably been financially harmed due to your injury, our law office shoulders this burden so that you may be able to seek recovery.
We put in the tens, hundreds, or thousands of hours necessary to win your case with no guarantee that we’ll ever be compensated. Litigating a claim can be incredibly expensive and extraordinarily time-consuming, but our firm understands how crucial a successful outcome of your case is to the success of your family. This is why we are willing to work so hard to help you without any guaranteed payment.
You agree to let us keep a percentage of your winnings as our fee. This portion is simply meant to reimburse our firm for the expenses we paid for upfront in order to reach a successful outcome and compensate our staff for their hard work to benefit you.
Our portion is usually about 1/3, sometimes more and sometimes less depending upon the type of case, statutory limits, the risk we will have to assume, etc. This is something that will need to be discussed in further detail. The cost of litigation often varies based on the nature of the claim, the number of people involved, and the amount you are able to seek in claims.
You literally pay us nothing is we don’t win. If we do not successfully get you compensation for your claim, we also receive nothing. You are not responsible for reimbursing us for any money previously spent in preparation for your case.
Why Do We Do Contingency Fee Contracts?
Filing a lawsuit and pursuing a defendant through negligence takes a lot of attorney time and costs lots of money through simple things like filing fees. Most people cannot afford to pay a lawyer by the hour especially when there is no degree of certainty they will win. By representing clients on a contingency fee basis we assume all the financial risk.
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We understand that you are probably seeking damages because you may not be able to afford the medical treatment you desperately need to fully recover. Or your car may have been totaled in the accident, and without financial compensation from the defendant, you cannot possibly purchase another car. Logically, if you cannot afford to pay for your medical bills, or you cannot afford to buy a new car, you probably cannot afford to pay for an attorney with no guarantee of success. This is why we use contingency fees.
We are sympathetic to your situation and we choose to use our assets to better help you. We believe this allows people a way to hold responsible defendants accountable and gives innocent victims, like you, access to the courts. To fully understand how we will use a contingency fee in your claim, you will need to speak with one of our attorneys. Call our law office.