After sustaining an injury, one factor that may keep an individual from pursuing compensation is believing that they cannot afford a personal injury attorney to represent them.
In order to provide representation to all individuals, regardless of their financial situation, an agreement to contingency fees is extremely helpful. With these types of agreement, someone who wouldn’t be able to afford an attorney is able to acquire one.
Defining Contingency Fees
Some personal injury cases can be time-consuming and require a significant amount of work on the part of the lawyer representing the claimant. Attorney fees can add up and have the potential to be quite expensive.
For this reason, many personal injury lawyers, like the ones at Stern Law Group, and prospective personal injury case clients agree to a contingency fee payment contract.
As the title implies, contingency fees are contingent upon the outcome of the case. This means that a personal injury lawyer will be paid a percentage of the claimant's damages provided an adjudicating body (judge or jury) awards the claimant a settlement and the case prevails in a legal proceeding or the respective parties reach a settlement.
Determining Specific Contingency Fee Percentages
The exact amount the attorney might collect may depend upon the case's outcome and the percent agreed to beforehand. For example, an attorney and a claimant may agree to a contingency fee of 33 percent. If the plaintiff settles or $90,000, the individual's attorney contingency fee would be $30,000.
However, an attorney's contingency fee percentage may increase if the case proceeds to trial. This is simply because the attorney will be required to invest more time and effort into the proceedings. In such instances, specific percentages could be dictated by the length of the trial or other proceedings, as well as the amount of compensation the claimant receives.
If Damages Are Not Awarded
Typically, a personal injury attorney does not recover any fees if said professional does not win the claimant's case. However, under certain circumstances, a lawyer might seek recovery for miscellaneous charges incurred preparing for the case.
Contacting Stern Law Group
If you or a loved one has been injured in an accident that you believe to be caused by another party's negligence, don’t hesitate to contact the Stern Law Group. A personal injury attorney can review your case and might be able to help you obtain compensation for such injuries.
Contact our firm at (877) 661-9900 for more information about contingency fees or other issues pertaining to personal injury cases.