Instead of getting an hourly fee, most personal injury lawyers are paid on a contingency fee. Contingency fees were not paid until there is a monetary recovery for the injured person’s damages.
Some states have restriction on how high the percentage can be and some other states have a descending scaled depending on the amount of the award. The main advantage of the contingency fee is that it makes legal representation available to everyone, even people who otherwise could not afford a lawyer. A person can also file a lawsuit without providing any money up front to a lawyer.
Attorneys fee may differ based on case resolution where some lawyers might charge lower percentage if the case is settled and charge a higher fee if the case has to be tried in court. Noticeably the risk involved for the lawyer is that if the injured person doesn’t recover any money.
Study the retainer agreement carefully and know that if an attorney is going to place a percentage on the total award including the amount for expenses before looking for an attorney.
Some states have restriction on how high the percentage can be and some other states have a descending scaled depending on the amount of the award. The main advantage of the contingency fee is that it makes legal representation available to everyone, even people who otherwise could not afford a lawyer. A person can also file a lawsuit without providing any money up front to a lawyer.
Attorneys fee may differ based on case resolution where some lawyers might charge lower percentage if the case is settled and charge a higher fee if the case has to be tried in court. Noticeably the risk involved for the lawyer is that if the injured person doesn’t recover any money.
Study the retainer agreement carefully and know that if an attorney is going to place a percentage on the total award including the amount for expenses before looking for an attorney.
Always seek free initial consultation before hiring any Personal Injury Lawyer. Some of the lawyers work on contingency fee basis.
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