How does a contingency fee work in a personal injury case?
A contingency fee is simply a financial agreement made between a client and an attorney. The attorney agrees to provide legal services to the client for no money down. Once the case has been resolved, the attorney receives a percentage of the total financial award to pay for his or her time and labor. If there is no recovery, there are no attorney fees. Your attorney’s compensation is strictly contingent on the outcome of your case.
Attorney fees can vary depending on the law firm, but you can generally expect to pay around one-third of the financial award, excluding costs (e.g., filing fees, court costs, copying fees, deposition costs).
What are the benefits of a contingency fee agreement?
Since a contingency fee arrangement means you only pay attorney fees if you win your case, there’s very little downside in this type of agreement.
Some of the benefits of hiring a lawyer on a contingency fee basis include:
- You pay no upfront fees for the attorney’s legal services.
- You aren’t billed by the hour.
- You and your attorney share a combined goal of recovering maximum compensation, thus you can have peace of mind that your lawyer will work for the best possible outcome in your case.
- You don’t have to pay for your lawyer’s time and labor if you lose.
- Any attorney fees that you do end up paying are deducted from your financial award compared to being an out-of-pocket expense.
Moreover, it’s been shown through data that injury victims who at least talk to a lawyer regarding their case recover more compensation on average as opposed to those who do not. In other words, there’s low risk and potentially high reward if you simply just contact an attorney to discuss your claim.
Let us fight for the compensation you deserve
Whether you’re a central Florida resident, a tourist, or a snowbird, hiring a lawyer to handle your injury claim has the potential to make all the difference in the outcome of your case. For more than 30 years now, our dedicated legal team has served as aggressive advocates for the injured.
Our highly skilled attorneys are tough negotiators and experienced trial lawyers who would be honored to speak with you about your potential legal case. Contact us today for a free consultation. We serve clients in central Florida and have offices conveniently located in Tavares, Inverness, The Villages, and Clermont.
“Brent C. Miller and his staff would be my first choice if I ever needed help again. I would recommend this law office to anyone seeking legal advice as well as to my friends and family.” – 5-star review from Colby W. on Google