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.
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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