Understanding Contingency Fees with Personal Injury Lawyers
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Understanding Contingency Fees with Personal Injury Lawyers

Contingency fees are a common payment structure used by personal injury lawyers. This type of fee arrangement is often beneficial for clients who cannot afford to pay large upfront costs or hourly rates typically charged by attorneys. The contingency fee system allows individuals with valid personal injury claims, regardless of their financial situation, to pursue justice and compensation.

Under this agreement, the client does not have to pay any legal fees unless the case is successful. In other words, if you don’t win your case and receive a settlement or court judgment in your favor, you won’t owe any attorney’s fees. If you do win, your lawyer will take a percentage of the recovery as their payment.

The percentage taken can vary depending on several factors such as the complexity of the case and at what stage it gets resolved. It is usually somewhere between 25% and 40%. For instance, if you were awarded $100,000 in damages and your lawyer’s contingency fee was 30%, they would receive $30,000 from that amount.

One advantage of a contingency fee arrangement is that it aligns the interests of both the client and attorney. Since attorneys only get paid if they win the case, they are likely to be selective about which cases they take on and will work diligently on those they do accept.

It’s important for clients to understand that while contingency fees cover attorney’s fees; there may be additional costs related to pursuing a lawsuit like filing fees, cost of expert witnesses or depositions etc., These costs could either be paid upfront or deducted from any final award received.

Before entering into an agreement with an attorney based on a contingency fee basis; make sure all terms including potential additional expenses are clearly outlined in writing so there are no surprises later on.

In conclusion understanding contingency fees is crucial when hiring a personal injury lawyer new brunswick. It can provide access to legal representation for those who may not otherwise be able to afford it, and it aligns the interests of the client and attorney towards a successful outcome. However, like any contract, it’s important to thoroughly understand all aspects of this fee arrangement before agreeing to it.

Brach Eichler Injury Lawyers
317 George Street, #320, New Brunswick, NJ 08901
732-352-9005