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.