What are Attorney Contingency Fees & How are They Collected?
When a client and their lawyer agree to contingency fees, both parties are taking on a certain amount of risk. That’s why it’s important to understand what contingency fees are and how they work, along with finding skilled New Orleans personal injury attorneys who you can count on to fight to win your case.
What Are Contingency Fees?
To put it simply, a contingency fee agreement means the attorney charges no upfront costs and receives payment upon winning. Typically, these cases involve either personal injury or worker’s compensation claims.
If you win your case, the fees will be taken out of the money that was awarded to you. On the other hand, if you lose your case you will not be required to pay any fees for the lawyer’s services.
However, you may still pay filing fees and any other court related charges not covered by the contingency agreement.
Once you reach a contingency agreement, your lawyer will pay the upfront costs associated with the lawsuit.
- Filing fees;
- Arranging depositions; and,
- Obtaining medical records.
Another important aspect of a contingency case is the amount of time your lawyer spends on litigation on your behalf. Some cases require going to trial and your agreement might include a higher fee for the additional time and effort of this process.
It’s vital to ensure you understand exactly how the payment agreement works should you win the case. Law firms vary, but standard practice billing: hourly or a set percentage of the total settlement amount.
When searching through New Orleans personal injury attorneys, find out how much they charge if the client wins their case. Depending on the nature and circumstances of your case, it may or may not be eligible for a contingency agreement. Schedule a free consultation with an attorney near you to discuss the details of your case.
Know How to Protect Yourself
To avoid any misunderstandings, make sure you understand all the fine print in the contingency agreement. Understanding the fees and where they go once you win makes this process easier.
Legal proceedings are complicated by nature, so it’s not uncommon for people to get confused by the language and contracts presented to them by law firms. But a good Louisiana attorney will walk you through each step. Trust them to make sure you understand everything that’s happening with your case.
A contingency fee agreement can be extremely beneficial for anybody trying to fight a personal injury case, especially for people who don’t have the resources to pay a lawyer upfront for their services.
Finding a Louisiana attorney who will give your case the attention it deserves might feel like an uphill battle at first. You can feel confident that at Mike Brandner Injury Attorneys. There is no fee unless you win and we are available 24/7 to help you.