Being injured in an accident can be overwhelming, especially if you’re facing costly medical bills, lost wages, and other hardships. If you’ve been injured due to another person’s negligence or reckless behavior, you may be wondering if you can hire an injury lawyer on contingency. Here’s what you need to know.
What Is Contingency?
Contingency is a payment arrangement where your lawyer will take a percentage of your settlement or court award as payment for their services. This means that if you don’t get compensation for your injuries, then you don’t have to pay the lawyer anything for their services. For this reason, most personal injury lawyers are willing to provide legal representation on a contingency basis because it reduces the risk of being left unpaid. It also allows those who cannot afford large upfront fees access to quality legal representation.
What Does This Mean For Me?
Hiring a personal injury lawyer on contingency means that they believe they can win your case and make more money than they will lose in legal fees. Most lawyers require 33-40% of the settlement as payment for their services; however, some states may have laws that limit how much a lawyer may charge for contingency cases. Your lawyer should clarify what percentage of your settlement will go towards legal fees prior to signing any contracts with them.
Do I Still Have To Pay Expenses?
Yes, most likely. Even when working on contingency, attorneys must still cover certain expenses related to preparing and filing the lawsuit such as court filing fees and expert witness fees which can add up quickly depending on the complexity of the case. These costs are typically deducted from your portion of the settlement before it gets paid out to you by the court or insurance company so keep this in mind when negotiating with a potential attorney and deciding whether or not it makes sense financially for both parties involved.
Working with an experienced personal injury attorney on contingency is often the best way for injured people to secure fair compensation for their losses after an accident caused by another person’s negligence or recklessness. Make sure that you understand all aspects of hiring your attorney on contingency before signing any contracts so that there are no surprises down the line when it comes time for payment! With thorough research and proper counsel, hiring an injury lawyer on contingency could be just what you need to get back on your feet after an unexpected accident or injury has left its mark.