Facts About Personal Injury Contingency Fee Agreements

A contingency fee agreement is an arrangement between a lawyer and a client in which the lawyer agrees to represent the client in a legal matter, but only charges a fee if they are successful in getting compensation for the client. If the lawyer is not successful, then they do not get paid. Continue below to learn some common advantages of entering a contingency fee agreement.

Contingency Personal Injury Law Firm Indiana 317-881-2700
Contingency Personal Injury Law Firm Indiana 317-881-2700

Top 6 Advantages of a Contingency Fee Agreement

There are many benefits to using a contingency fee agreement when hiring a personal injury lawyer. First, it allows you to hire a lawyer without having to pay any upfront fees.  Given injury clients are incurring medical bills and other unexpected expenses and may not be able to work because of their injuries, thus diminishing the money a client has coming into their household, this is the main advantage.

Second, it gives the lawyer an incentive to work hard on your case, since their fee is contingent on them getting you compensation.  The more money the attorney obtains for you, the more money the attorney will also receive for an attorney fee.

Third, contingency fee agreements can help to level the playing field between individuals and the negligent party’s insurance company. All insurance companies are large and they have a team of lawyers working on their insured’s behalf because the insurance company has to pay any verdict against their insured. With a contingency fee agreement, you can level the playing field by hiring your own lawyer to work on your behalf.

Fourth, contingency fee agreements can help to ensure that you receive full and fair compensation for your injuries. With a contingency fee agreement, the lawyer is only paid if they are successful in getting you compensation, which gives them an incentive to fight for the highest possible amount.

Fifth, contingency fee agreements can help to protect you from having to pay your lawyer’s fees if the case is unsuccessful.

Sixth, in a contingency fee arrangement, the attorney usually pays for most, if not all, of the expenses incurred in pursuing the case.  These expenses include charges from the medical providers to obtain medical records, charges from law enforcement to obtain dash camera and body camera footage and police report, copying and filing fee charges, expert witness fees, etc… When the case settles or a verdict is obtained, the attorney is reimbursed those expense fees.  If no settlement or verdict is obtained, the attorney is usually not reimbursed for those expenses, depending upon the exact agreement with the client.  As such, the attorney is also fronting the expense money necessary to pursue the case which a client usually cannot do given their unexpected lost wages and medical bills.

If you have been injured in an accident and are considering hiring an Indianapolis IN personal injury lawyer, you should consider using a contingency fee agreement. There are many benefits to using this type of arrangement. You should discuss the contingency fee agreement with a personal injury lawyer before making a decision so any questions you have can be answered.

Are you looking for a trusted civil litigator in Indiana who can give you the best advice regarding your recent wrongful death, wrongful injury and/or car accident or fall accident? Contact the Law Office of Craven, Hoover, and Blazek P.C. at 317-881-2700 to arrange a free case evaluation with a seasoned personal injury attorney in Indianapolis, Indiana. We represent clients all throughout the state and Indiana residents injured in other states.

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An Explanation of Personal Injury Lawyer Fees

In most cases, personal injury law firms operate on a contingency payment arrangement business model, which means their fees are dependent on the outcome of a client’s case. Continue reading to learn more about personal injury lawyer fees, and what you can expect to pay for regarding your case.

Contingency Fee Personal Injury Lawyers
Contingency Fee Personal Injury Lawyers 317-881-2700

Contingency Fee Payment Arrangements

The majority of personal injury attorneys work on a contingency-fee basis. So, if your personal injury lawyer offers their professional services using this business model, it means they do not collect any payment from their clients unless they recover a settlement or verdict. Clients who are billed on contingency only pay the lawyer after they are awarded compensation. Now, the amount a client pays their personal injury lawyer out of their settlement depends on various factors, namely the complexity of the case, the longevity of the legal process, and the number of legal resources needed to acquire a full and fair settlement in the end.

Under a contingency-fee arrangement, a client pays nothing at all if their lawyer does not obtain a settlement or verdict for them.

No Upfront Fees

Because a contingency-fee payment arrangement requires a client to pay for their lawyer’s service only after a settlement or verdict is won, there are no upfront or initial legal fees to satisfy. Hiring a personal injury lawyer requires no payment of any kind unless they recover compensation for you; then you must pay for their services, as well as any additional legal fees incurred during the process.

Average Lawyer Fees

Personal injury lawyers will write up a payment arrangement contract in the beginning, so you will know exactly what to expect in terms of paying your lawyer bill after the case is settled. In some cases, a lawyer might need to send the defendant party a demand letter or obtain further information, which would require a revision of the payment agreement if the case were more complex than initially thought. Although it varies greatly from firm to firm, most personal injury attorneys’ fees range between 33 and 40 percent of the total settlement recovered. In addition to paying this fee, clients will also have to cover any expenses incurred by the lawyer during the case.

Post- Settlement Legal Fees

When working on contingency, a personal injury lawyer usually pays for any needed legal resources to build their case. Then once a settlement is awarded, the client must pay these fees back, as well as the overall fee for legal representation. Such fees outside of the lawyer’s service fee include expenses like court costs, filing fees, medical records, police reports, investigator fees, expert witness fees, depositions, transcripts, trial exhibits, and even mailing postage.

In the end, personal injury lawyer clients can expect to pay between 40% and 65% of their total settlement. So long as you find an experienced Indianapolis Indiana law firm to represent your case, you will have more than enough compensation to cover all of your losses, plus pay your lawyer their due.

Are you looking for a personal injury lawyer to represent your accident claim? Contact the Law Office of Craven, Hoover, and Blazek P.C. at 317-881-2700 to schedule a free case evaluation with a skilled and experienced accident attorney in Indianapolis, Indiana. We represent injured persons throughout the State of Indiana.

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Indianapolis Personal Injury Lawyers 317-881-2700
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The Law Office of Craven, Hoover, and Blazek P.C. Handles Personal Injury Cases on Contingency

Our seasoned accident attorneys are highly dedicated to serving justice to those wrongfully injured in Indiana.

Indianapolis Personal Injury Law Firm 317-881-2700

Indianapolis Personal Injury Law Firm 317-881-2700

The personal injury law office of Craven, Hoover, and Blazek P.C. offers their professional legal services for anyone wrongfully injured in Indiana. Our seasoned accident attorneys practice in several different areas of tort law, and have successfully recovered settlements for victims of car accidents, slip and fall accidents, workplace accidents, wrongful deaths, and much more, right here in Indianapolis, Indiana.

We work hard to protect our clients’ rights to full and fair compensation for their damages and losses suffered after a serious personal injury. We stand up for those who need it the most because we know the struggles families experience after a serious accident.

No Upfront Lawyer Fees, EVER.

We make sure everyone has a fair chance at justice by offering our services on a contingency-fee basis, meaning our client’s don’t have to pay for our legal services if we do not recover a settlement for them. There are never any upfront lawyer fees or charges to hire our law firm to represent your case. In fact, we also provide free initial consultations to discuss your incident and determine whether or not you have a valid claim.

Schedule Your Free Consultation Today

Personal Injury Law Firm  317-881-2700

Personal Injury Law Firm
317-881-2700

Call Craven, Hoover, and Blazek P.C. at 317-881-2700 to schedule a free initial consultation with an experienced personal injury attorney who cares about your economic reclamation. You can have the opportunity to discuss your experience and the losses you’ve incurred from your accident with no out-of-pocket obligation. We offer flexible scheduling, compassionate client support, and aggressive litigation. Call 317-881-2700 to get started on your financial recovery after being seriously injured in an accident, today.