What is a contingency fee arrangement?
A contingency fee arrangement is a way for an individual to pay an attorney with a percentage of money the individual receives after winning or settling a case instead of paying an hourly fee/per job fee. This method of payment is most common in personal injury cases. It makes the services of an expert personal injury attorney more accessible for everyone regardless of personal wealth. This means that even the poorest person can get a great attorney and be successful in pursuing a claim against an insurance company or government entity who are liable for damages arising out of unfortunate circumstances such as a car accident, medical malpractice, and wrongful death.
Each of these unfortunate circumstances come with high, often unforeseen costs such as ongoing medical bills and lost wages. Depending on the severity of the damages you receive, you may not be able to live your regular lifestyle or even return to work. Since a contingency agreement doesn’t require any out-of-pocket money from the claimant, she or he can afford to team up with a personal injury attorney while trying to recover physically and financially from the damage caused by the injury-causing incident.
Not all attorneys work on a contingency basis
It’s important to keep in mind that not every lawyer will take your case on a contingency. Contingency fee arrangements require attorneys to work without pay for an undetermined amount of time. This can be a significant risk to an attorney since a regular cash flow is needed to cover an attorney’s monthly overhead such as payroll and office expenses.
If a contingency attorney does choose to represent you, you’ll often agree to give the attorney approximately 33-40% of the settlement or award. While it seems significant, you are able to have access to a legal expert who will fight for you without you having to pay anything out of pocket. The attorney should add value to the claim to the extent that they most often pay for themselves.
We are contingency attorneys
Here at Huntsman Injury Law, we handle personal injury claims on a contingency. When you win, we get paid. We can add value to your claim and help you receive the compensation you deserve and need from your claim, whether it be in California or Utah. We offer a free consultation to help you figure out the best course of action for your situation. Even if you already have an attorney you’re working with, you can receive a second expert opinion from us with no financial obligation. Our focus is on helping you heal as we take care of everything from investigating the facts, calculating damages, and filing a claim.
Remember that you don’t have to do it all on your own. We’re here to represent you and fight for you every step of the way. To schedule your free consultation, give us a call at (888) 728-8112 or email us at email@example.com.