Understanding Contingency Fee Structure in Personal Injury Cases
If you have been injured in an accident, it is important to know your legal rights and remedies. The attorneys at Bryan, diStefano & Mattingley understand that you may be struggling under the financial and emotional burden your injury has caused. They will work with you on a contingency fee basis to ensure you are compensated for medical costs, lost income, property damage, pain and suffering, emotional distress, loss of enjoyment, loss of companionship, and more.
What is a contingency fee?
Contingency fee is a way of structuring payment to an attorney that enables the client, who is already injured and likely out of pocket for medical bills and missed work, to hire an attorney without coming out of pocket again for attorney’s fees.
In a contingent fee arrangement, the lawyer agrees to accept a fixed percentage (often one third) of the recovery, which is the amount finally paid to the client. If you win the case, the lawyer’s fee comes out of the money awarded to you. If you lose, neither you nor the lawyer will get any money, but you will not be required to pay your attorney for the work done on the case. Under this arrangement, a client pays a contingency fee to a lawyer only if the lawyer handles a case successfully. See www.americanbarassociation.org.
It is important to recognize in this fee structure that the attorney is the one bearing the financial risk of pursuing your rights. The attorney may invest a large amount of hours, days, and years into your personal injury case, all without any guarantee of payment. This includes drafting legal documents, interviewing witnesses, conducting depositions, attending court hearings and conducting a successful trial. All this work is done in order to get you, the client, the largest financial recovery available to help make you whole after an accident.
The attorneys at Bryan, diStefano & Mattingley can help you evaluate your case and secure financial recovery.