A car accident can leave you with significant damages. If you’re reading this post, you might know that already. But as you struggle to navigate your recovery, the physical, emotional, and financial losses can quickly become overwhelming and threaten to consume your savings. It’s a scary thought, for sure.
While a personal injury lawsuit might help you recover the compensation that you need to offset your losses, a lot of people forego this option simply because they think that they can’t afford an attorney. However, many legal teams, including the one at our firm, operate on a contingency fee basis.
What is a contingency fee?
A contingency fee arrangement means that you don’t pay your attorney unless and until your lawsuit successfully resolves, whether that be through negotiation or litigation. The amount that you pay is typically capped at a certain percentage of your recovery, and you won’t be required to pay anything if you lose your case.
What are the benefits of a contingency fee arrangement?
There are a lot of benefits to this type of arrangement. Let’s look at some of them here:
- Financial flexibility: You’ve got a lot to deal with right now. The last thing you want to do is try to figure out how to pay your attorney upfront. By engaging in a contingency fee arrangement, you give yourself the ability to reallocate your resources to where they’re needed.
- Your attorney is motivated: If your attorney is only going to get paid if you win your case, then they are going to be motivated to work hard to get you the best results possible.
- You get a sense of the strength of your case: You might be worried about the amount of time, effort and stress involved in pursuing a legal claim. But if you meet with an attorney who works on a contingency fee basis and they agree to take your case, you can rest assured that the attorney believes in your case and truly thinks that it can succeed. This might help alleviate some of your stress and give you peace of mind.
- You can level the playing field: If you’re suing a truck company or someone who has a lot of money to hire an experienced and aggressive legal team, you might feel outgunned. If you have to pay upfront for your attorney, you may not be able to obtain the skillful advocate that you need to go toe-to-toe with these legal teams. By working with an attorney who operates on a contingency fee basis, you can obtain the advocacy that is necessary to hold your own against these aggressive defenses.
- You share the risks: No outcome can be guaranteed when litigating a personal injury case. That means that there are inherent risks involved. But when you’re dealing with a contingency fee basis, you’re sharing those risks with your attorney. This means that your advocate is going to be diligent in working to mitigate those risks.
Finding the attorney who is right for you
There are a lot of legal teams out there, which means you have a lot from which to choose. Before you make your choice, we encourage you to thoroughly research your options so that you can secure the kind of advocacy that is right for you and your set of circumstances. If you’d like to learn more about what our firm has to offer its clients, please visit the rest of our website.