Attorneys typically use several different methods to charge clients for their services. Sometimes lawyers charge a flat fee, a set price the client is required to pay. This is typical in the case of will preparation, for example. Other times, attorneys may charge an hourly rate, billing clients for each hour of work. Most personal injury lawyers use a third type of arrangement, known as the contingency fee.
What Contingency Fees Are
Attorneys and clients use a contingency fee arrangement in cases where the client has been injured, such as an automobile accident. The lawyer agrees to accept a fixed percentage of the client’s award, in lieu of being paid up front. This ensures that clients who otherwise could not afford access to the justice system can still receive representation.
How Contingency Fees Work
A contingency fee agreement will specify the conditions of payment, and spell out how much the attorney is owed. If you win your case, your lawyer’s fee is deducted from the money awarded to you. If you lose, you won’t have to pay your attorney for the work he has done on your case. A contingency fee agreement can motivate a lawyer to obtain the best possible settlement for his client, since his compensation is tied directly to the outcome of the case.
You may have extra legal expenses in addition to the fee you pay to your attorney. Some of these costs may include filing fees, hiring expert witnesses, service of papers, and paying for copies of medical records or police reports. These expenses typically aren’t high, but you’ll owe them regardless of the outcome of your case. Your attorney may cover these expenses upfront, in which case you’ll have to reimburse him.
You Need an Attorney
If you’ve been injured in an accident, don’t let concern over legal fees prevent you from pursuing the compensation you deserve. Contact the Law Office of Ben Crittenden to schedule a free, no-obligation case evaluation.