Typically, two paths are open to victims dealing with personal injury cases: mediation and litigation. When the involved parties move to litigation, they take their dispute before a judge or jury. Of course, […]
"You never pay us a dime unless we win your case." You've heard it before and you may not believe it at first, but it's the truth. You really only pay our law firm if we actually win you money.
Personal injury attorneys only get paid if the client receives money from those responsible for causing them harm. The attorney gets a percentage of whatever compensation they win for the client, plus any costs associated with pursuing the case that (by law) must be paid back. The client gets the rest. Most personal injury lawyers who handle personal injury cases (such as car accidents) are contracted on a contingency fee basis (no-win, no-pay).
If a lawyer takes the case and does not win in court the lawyer will absorb the cost out of pocket, not the plaintiff. This makes contingency fees work well for the plaintiff because the lawyer is doing the work and taking the risk. Personal injury lawyers can put in hundreds of hours of work and hundreds of thousands of dollars in costs to prepare a case for trial, but if they don't win, they don't earn their fee.
A contingency fee is a no-win, no-fee arrangement between lawyer and client in which the lawyer receives a set percentage of the amount of recovery awarded to the plaintiff in a case. In most cases, monetary recovery is obtained through settlement, mediation, arbitration or trial. Generally, when a lawyer takes a case on contingency a client has no obligation to pay the lawyers fee unless the case is successfully resolved. Most lawyers usually have a contingency fee around 35-50%.
Personal injury lawyers who work on contingency take all risks in order to share in the rewards when the case settles in or out of court. The financial risk for an attorney working on contingency can be significant because in many cases the upfront fees can run into the tens of thousands of dollars, an amount the average person just cannot afford. There is a mutual benefit to this type of arrangement for both clients and the personal injury attorneys. The more compensation an attorney can settle the case for, the more the client receives and the more attorneys make. The attorney takes the risk, does all the work and collects a percentage of the settlement in return while the client receives justice, quality representation and a settlement to compensate for damages and injuries.
A contingency fee arrangement means there is no financial risk to the injured person. Very few people could afford a lawyer if they had to pay attorney's fees upfront or by the hour. Contingency fees give common people access to quality representation, justice and compensation.
When you are injured because of someone else's negligence or carelessness, you have a legal right to be compensated, or paid, for the damages you have suffered. Damages can include medical bills, pain and suffering, lost wages, loss of future earning capacity and property damage. These damages can be recovered, or paid back to you, by filing a personal injury claim in civil court.
Many insurance companies have their own lawyers and insurance adjusters who work diligently to minimize the payout you receive. Having an attorney on your side with resources to level the field could significantly increase the amount paid in a settlement or verdict.
The attorneys at Rasansky Law Firm are happy to speak to you about your potential case free of charge. If we can help with your claim, we'll do so for no out-of-pocket cost to you. Call us 24/7 at (214) 651-6100.
Note: The information that was utilized in this post was gathered from the use of secondary sources. This information used has not been confirmed or independently verified. If you locate any information that is not correct, please contact our firm as soon as possible so that we can make the appropriate corrections. If you find any information that is false, we will remove or correct the post immediately after it is brought to our attention.
Disclaimer: As a valued member of the Dallas community, Rasansky Law Firm’s goal is to improve the safety of all residents in the great state of Texas. These posts should not be viewed as a solicitation for business and the information included herein should not be taken as medical or legal advice. The photos used in this post are not representative of the actual crash scene.
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