Many law firms that handle personal injury cases allow clients to pay on a contingency fee basis. Contingency fees make legal representation more accessible to the general public.
What is a contingency fee and how does it work?
What is a contingency fee?
A contingency fee is a payment arrangement between a legal professional or a law firm and a client. When a law firm agrees to accept payment on a contingency basis, instead of requiring upfront payment, the firm bills the client for a percentage of the total amount of damages awarded to the client as a result of a personal injury lawsuit or claim.
What are the advantages of contingency fees?
Many people who are pursuing compensation for an injury caused by a negligent party do not have the financial resources to pay an attorney to take their case. This is particularly true of people who have serious injuries that resulted in lost wages and substantial medical bills. Contingency fee agreements make it possible for these people to secure legal representation that they otherwise would not be able to afford. Without an attorney, many injured parties would not be able to recover the full value of their personal injury claim or may not recover damages at all.
Many people with personal injury cases are struggling financially due to their inability to work and mounting medical bills. Contingency fee arrangements make it possible for people who are not wealthy to gain access to quality legal representation regardless of their income or current medical status.