Recovering Your Losses

What To Know About Paying Your Personal Injury Legal Fees

It's easy to understand why accident victims need professional legal representation. Dealing with the effects of an accident with injuries can test almost anyone and very few are prepared to cope with the intricacies of insurance and settlements. That being said, some accident victims that need legal help may think they cannot afford it. Read on to find out more about an easy way to have the support you need to get the compensation you deserve from the at-fault driver that hit you.

The Contingency Fee Arrangement

You may have heard the advertisements where law firms offer "no fees unless you win your case." This is very likely a contingency fee arrangement. Those who want to take advantage of legal help can do so by entering into an agreement with the personal injury attorney. The agreement, also known as a retainer, spells out the details of the financial arrangements. Some of those details include:

  • What fees are covered.
  • What costs are not covered.
  • What legal services are included in the arrangement.
  • What fees apply to settlements and any extra arrangements should the case go to trial.

The Value of Your Case

Only certain situations call for this type of arrangement. At your first appointment with your personal injury attorney, bring everything you have about the accident and your medical care with you. If your case is strong, the attorney may offer you representation and a contingency fee arrangement. Strong cases often contain the following elements:

  1. Clear fault on the part of the other driver.
  2. Insurance coverage (by the other driver) sufficient to cover the damages. If insurance is insufficient, the other driver must have adequate personal financial resources to pay the damages.
  3. A physical injury by the victim and medical records to prove treatment was provided.

What Else to Know About Contingency Fee Agreements

If you don't get offered an adequate settlement or your court case is lost, you won't owe any money to your lawyer. In some cases, incidental charges may apply so be sure to review the retainer before you sign it. The funds to pay your attorney are removed from your compensation before it's paid to you. The legal fees you owe are a percentage of your winnings or judgment.

Contingency fee arrangements are an excellent way to be compensated without needing upfront money to pay an attorney. Contact a personal injury attorney, like those at the Law Office of Daniel E Goodman, LLC, to find out more.


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