The Truth About Contingency Fees: Are They the Best Option for Your Personal Injury Case

To defend themselves, multibillion-dollar corporations employ whole floors of attorneys. Do you have access to the same attorneys if you are engaged in an accident and are injured? Are you able to afford to pay only one lawyer? Many persons who have been harmed, in our experience at The Law Offices of Larry H. Parker, cannot afford their medical fees, let alone an attorney. As a result, contingency fee agreements are frequently the best choice.

Continue reading to understand how a personal injury attorney may assist you by accepting your case on a contingency basis. If you have any questions or would like a free legal consultation, call us right away at 800-333-0000.

What does a contingency agreement serve?

Contingency agreements are used in personal injury law to ensure that those who cannot afford to engage an attorney can still access legal representation. It works like this: an attorney isn’t compensated up ahead. In reality, the client does not have to pay any legal expenses up front, including expert witness fees, court fees, and so on.

Instead, the lawyer is compensated by a settlement, jury award, or judge award. This is where the “contingency” element comes in: the attorney’s payment is reliant on the attorney’s ability to produce outcomes. The agreement’s terms will be made explicit up front. In most circumstances, the lawyer will receive a portion of the proceeds. If the lawsuit goes to trial or is resolved before trial, the sum is virtually always different. Why? Because the attorney’s costs are lower if the case is settled before trial, and so their fee is reduced.

What are the costs covered under contingency agreements?

It varies depending on the attorney you choose to deal with, but it usually covers both pre-filing and post-filing charges. Depositions, police reports, services, investigator fees, medical expenses, medical reports, and filing reports, for example, would all be covered by the attorney. They will very certainly cover expert witness expenses, arbitration fees, and mediation fees if they are required.

Isn’t it usually necessary to take issues to court?

Many individuals believe that taking the case to court is the greatest method to receive the best result. While it is true that what an insurance company gives after a vehicle accident, for example, is not always the greatest alternative, haggling may be the best method to acquire a fair offer.

Taking a matter to trial has two major drawbacks. First, there’s the possibility of receiving less than the insurance provider promised. Second, if this occurs, California law may oblige you to pay the defendant’s court fees. Although it may appear counterintuitive, the goal is to limit the number of cases that proceed to trial. Contact The Law Offices of Larry H. Parker for a free legal consultation to learn more about this and other possibilities.