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What Are the Benefits of Contingency Fees?

For the average person, the main concern when hiring a personal injury attorney is cost. It is no secret that lawyers have a reputation for charging exorbitant fees, despite the fact that there is no guarantee that they will be able to secure the results that their clients need. When combined with the expensive medical bills, rehabilitation expenses, and lost wages that can result from a sudden accident, hiring an attorney can seem like a financial impossibility. This is where contingency fees come in handy.

Attorneys who work on a contingency basis do not require you to pay any up-front costs or out-of-pocket expenses to retain their services. Instead, they will work to receive a portion of your settlement or award, usually around 33%. Under this arrangement, an attorney will essentially work for free unless they are successful in securing compensation on your behalf. If you lose in court, neither you nor your attorney will receive any money, though you will not be required to pay for any of the work that your lawyer did on your case.

Contingency arrangements can be invaluable in the event that the burden of medical expenses has been placed on your shoulders after an accident. Since financial hardship after an accident is likely the reason why you would choose to file a personal injury lawsuit in the first place, it is often counterintuitive for personal injury lawyers to work on an hourly or flat-rate basis. Through a contingency pay structure, an attorney’s pay is based on their performance. This serves to both minimize a client’s risk and motivate an attorney to secure the best possible outcome for their case, since their own compensation is also tied to the outcome.

Injured? Get Your Advocates on Your Side

If you or a loved one are struggling to make ends meet following an accident caused by another party’s careless actions, the Fort Myers personal injury lawyers at Your Advocates are here to help. With more than 20 years of combined legal experience, we can guide you step-by-step through the claims process and fight for maximum compensation on your behalf. Best of all, if we do not win, you will not pay us a cent for our services.

Discuss your case with us today – call (249) 970-6844.

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