When you suffer an injury resulting from someone else’s negligence, you may start weighing your options and asking yourself whether you should make a personal injury claim. Serious injuries have the potential to have a substantial impact on your quality of life. They may also hurt you financially if you find yourself on the hook for paying your own medical expenses.
Unlike many other types of attorneys, most personal injury attorneys do not charge hourly fees or upfront costs. Instead, they often charge clients on a contingency basis.
Understanding contingency fees
When a personal injury lawyer charges you on a contingent basis, it means that he or she is not going to collect any money from you unless – and until – you win your injury case. At that point, your attorney may take a predetermined percentage of whatever amount you secured in your lawsuit.
Recognizing benefits of contingency fees
There are several benefits that come with working with a lawyer who charges fees on a contingent basis. First, you may assume that your attorney would not have taken your case in the first place if he or she did not believe it had merit. Second, you may assume that your attorney is going to work tirelessly on your behalf because he or she does not receive any compensation at all unless your case is successful.
If you hire a personal injury lawyer and then do not win your case, you typically do not have to pay your attorney for services rendered.