How is my attorney compensated for representing me in my vehicle accident claim?

contingency feesIf you’ve been injured in a vehicle accident, the cost of hiring an attorney is an important consideration. Like many accident victims, you may not have hired an attorney before and might be unaware of fee arrangements in vehicle accident cases.

How Attorneys Are Paid

Attorneys charge fees on a contingency basis in vehicle accident cases. This compensation is specified in a contract known as a fee agreement, which details how, and how much, the attorney will be paid. This means that:

  • Your attorney will charge you a percentage of your compensation as his fee.
  • Your attorney doesn’t receive any fees if you don’t obtain a settlement or an award at trial.
  • You may owe the expenses associated with your case, including: legal filing fees, the fee to serve the complaint on the driver, expert witness fees, and medical record copying fees.

Why Contingency Fee Arrangements Exist

When you’re involved in a vehicle accident, you may suffer from physical pain, the inability to work for weeks, months, or years, and medical bills that never cease. Many victims facing this dire situation understandably lack the funds necessary to hire a lawyer, which is why most attorneys handle these cases on a contingency basis. This arrangement means that you won’t owe legal fees unless your attorney is successful in obtaining a settlement or award at trial.

Advantages of Contingency Fee Arrangements

Contingency fee arrangements permit clients to defray upfront litigation costs, since they won’t owe any legal fees unless and until there is a settlement or court award. Clients on a tight budget can protect their rights by hiring the experienced attorney they need right away. Since he is only paid if you win, your attorney has every incentive to maximize the recovered amount, resolve your issue quickly, and keep any related expenses as low as possible. To learn more about contingency fee arrangements, contact Cain Law Firm by clicking the Live Chat button on this page.