What Does It Mean To Pay Your Personal Injury Lawyer A Contingency Fee?

Angelena Iglesia

If you are on the fence about employing a personal injury lawyer for your case, then it is a good idea to consider paying him on a contingency fee basis. So what it does mean for your case? This post will explain it. Having a Personal Injury Case You may […]

What Does It Mean To Pay Your Personal Injury Lawyer A Contingency Fee?

If you are on the fence about employing a personal injury lawyer for your case, then it is a good idea to consider paying him on a contingency fee basis. So what it does mean for your case? This post will explain it.

Having a Personal Injury Case

You may have been bitten by a dog and want to sue the owner. You may have been in an accident and want to file a personal injury case against the owner of the other car which caused the accident. Whatever it might be, it makes sense to hire a personal injury case with the help of an experienced lawyer who knows what they’re doing.

Paying the Lawyer

It can be intimidating to have to pay a lawyer. Even thinking about doing so may prevent some people from going ahead and hiring one. You can read more about how you can hire a personal injury lawyer that will not have you pay money out of your pocket. Deciding to do so on a contingency fee basis may be the best decision you make.

No matter what the case, a lawyer will most likely get paid in some manner for his trouble. They get paid for the legal services they provide. But when someone needs a personal injury case to be handled, it can be that she is without the money required to pay the lawyer. This is when a contingency fee arrangement is made between the lawyer and the client where the lawyer gets paid only if the client wins monetary compensation of some type.

What is a Contingency Fee?

Understanding what it is about will put you in a better situation when you do want to take on this sort of arrangement. This way your lawyer will receive payment only when your case settles or you win the case and receive monetary compensation for the same. It is decided beforehand how much payment is due to your client. The agreed amount will usually be a percentage of your winnings in the case. It is usually about a third of the winnings or 33% or it can be more.

What Decides How Contingency Fees are Decided?

It can be fascinating to know what is ultimately going to decide how much a personal injury lawyer is going to get paid if such an arrangement is made. It however decided on the below two factors:

  • The risks and complexity of the case
  • Who is paying for the litigation costs

The risks and complexity involved in a particular case are a determinant because the lawyer is taking them on himself. Also, the litigation costs for a personal injury case can be high and if the lawyer pays it, then he will ask for a higher contingency fee percentage.

As a victim of a personal injury case, it is a great idea to choose a contingency fee arrangement if you are having trouble finding money to pay the lawyer.