If you’ve been seeking a personal injury attorney, you may have come across contingency fees. Though contingency fees may be used for many types of cases, they’re particularly common for personal injury cases.
Understanding this form of payment before you hire an attorney is crucial. In this article, we’ll cover the details of contingency fees and how they can benefit personal injury victims.
What Are Contingency Fees?
If you hire a lawyer on a contingency basis, it means that you’ll only pay if the lawyer successfully recovers compensation for your losses. In other words, the attorney’s payment is contingent on the success of the case.
Contingency fees are calculated as a percentage of the compensation that your attorney recovers in the case. You’ll agree on this percentage before hiring the personal injury attorney, though it typically ranges from 33% to 40% of the total settlement. Continue reading “Understanding Contingency Fees”