Published On: Sat, Jan 19th, 2019

What’s a Contingency Fee and What Type of Lawyers Work Under Such Arrangement?

Individuals injured in a car accident or other incident of this type often hesitate to hire an attorney as they are worried about taking on additional expenses. They must deal with the medical bills arising from the accident and other expenses they weren’t anticipating, wages may be lost due to time missed from work as a result of these injuries, and more. Fortunately, most personal injury attorneys working on a contingency basis. What does this mean and how is this of benefit to the injured party?

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What Is a Contingency Fee?

In a contingency fee arrangement, the client only pays the attorney when the case is successfully handled. The attorney receives a fixed percentage of the recovery or settlement paid to the client. In the event no money is received, the client is not responsible for paying the attorney his or her fee. However, clients need to be aware they may be charged any filing fees due to the court, the fees for witness depositions, and charges of that nature. This depends on the attorney and may be negotiated before any contract is signed.

The Percentage Charged

In most cases, the contingency fee charged is between 33 and 40 percent of the recovery. However, a client may negotiate this fee with the Corpus Christi personal injury lawyer and the amount of the fee may differ based on when the case is settled. For example, an attorney who settles the case before filing with the court often receives less money than a lawyer who settles after filing the matter with the court. This is due to the time and effort put into handling the case. An early settlement requires less time on the part of the attorney and less legal work, thus a smaller percentage is received as a fee. Learn what the guidelines are for the state the matter is being heard in and choose an attorney who follows these guidelines to ensure a fair settlement and contingency fee. Furthermore, make certain the fee arrangement is clearly spelt out in writing before signing with an attorney to prevent issues in the future.

Which Attorneys Work Under This Type of Arrangement?

Many attorneys refuse to take a contingency case due to the amount of work required on their part with no guarantee of pay. Often, these cases take an extended period of time to resolve also and numerous attorneys cannot afford to go this long without pay. However, certain cases are typically handled on a contingency basis, including personal injury matters, those involving employment discrimination, and sexual harassment matters. In addition, medical malpractice cases are usually done on a contingency basis, and any legal matter where there will likely be a significant recovery may be negotiated with an attorney on a contingency basis.

In the event there is any question as to the fees involved with a legal matter, don’t hesitate to contact one or more attorneys. They will be happy to sit down with a potential client to review the matter and discuss the fees to be charged. Quite a few attorneys offer a free case evaluation or consultation, so don’t hesitate to take advantage of these. Meet with several attorneys to find the one you feel most comfortable with and one with experience handling similar types of cases. Victims who do so find they are more satisfied with the process as it moves forward, which is of importance as they have enough to deal with recovering from their injuries.

Author: Laura Brown

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