How Much Does a Personal Injury Lawyer Cost?
Nearly all personal injury attorneys work on what is known as a contingency fee basis. A contingency fee agreement is a good deal for clients because it greatly minimizes the risk plaintiffs have in asserting a claim.
What Is a Contingency Fee?
A contingency fee contract means the attorney works for the client without charging anything up front and only gets paid if the attorney is able to recover money for the client. If there is no recovery, the client does not have to pay the attorney. Contingency fee cases are commonly associated with personal injury claims.
What Is the Difference Between Contingency and Hourly Pay?
The other type of billing in legal cases is an hourly or flat fee. An hourly billing case can get very expensive for the client, and the client has to pay up front without any guarantee of recovery. Contingency fees are often reasonable because they are far less costly for clients than if the personal injury attorney charged hourly.
What Is the Percentage Usually Charged by Attorneys in Contingency Fee Agreements?
The percentages typically charged range between 33 to 45 percent of the total recovery the attorney is able to achieve. In most agreements, the contingency fee amount is taken off the total recovery. Net of that, the attorney typically gets reimbursed for any reasonable and necessary case costs.
Do I Have Any Other Options?
A client usually has options for the fee agreement with the attorney, but in a personal injury case, it is nearly always to the client’s advantage to go with a contingency fee agreement as opposed to a flat or hourly fee agreement.
Experienced Fort Worth Personal Injury Lawyers
If you or a loved one has been injured in a Fort Worth accident, the personal injury attorneys at Zinda Law Group have the experience, knowledge, and resources necessary to help you seek maximum recovery. Call us today at 800-863-5312 to get started with a free consultation.