When you've suffered a personal injury, the thought of hiring an attorney might be intimidating, especially when you're already dealing with medical bills and other expenses. However, a Injury Lawyer Tacoma from Sears Injury Law, PLLC often works on a fee structure called "contingency fees," which can make legal representation accessible to those who need it most.
Here's what you need to know about contingency fees and how they work:
What Are Contingency Fees?
Contingency fees are a common payment arrangement in personal injury cases. Under this arrangement, you don't have to pay your attorney upfront or by the hour. Instead, your attorney's fees are contingent on the outcome of your case. In other words, they only get paid if you win your case or reach a settlement.
Advantages of Contingency Fees:
Access to Legal Representation: Contingency fees ensure that individuals with valid personal injury claims can access legal representation, regardless of their financial situation.
Reduced Financial Risk: Since you don't pay attorney fees if you lose your case, there's less financial risk involved in pursuing a personal injury claim.
Incentive for Success: Attorneys working on contingency have a strong incentive to secure the possible outcome for your case, as their fees are tied to your success.
How Contingency Fees Work:
Typically, your attorney will agree to represent you on a contingency basis, and you'll sign a fee agreement outlining the terms. If you win your case or reach a settlement, your attorney's fees, usually a percentage of the awarded amount, will be deducted from the final recovery. If you don't win, you won't owe your attorney any fees for their services.
The Percentage: The exact percentage can vary, but it's often around one-third of the settlement or judgment amount. Your attorney will discuss the percentage and any other costs, such as court fees, during your initial consultation.
Contact us:
Sears Injury Law, PLLC
Address: Second Level, 4826 Tacoma Mall Blvd, Tacoma WA 98409
Phone: (253) 544-5553
Email: rob@searsinjurylaw.com