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A Guide to Understanding Personal Injury Contingency Fees

Posted by Attorneys of Idaho | Jul 14, 2023 | 0 Comments

There are nearly 40 million personal injuries that require medical treatment every year. Nobody wants to deal with personal injuries, but sometimes they are an unavoidable part of life.

If you are needing help from personal injury lawyers in Boise, you might be worried about the cost. Contingency fees can help you.

This payment structure allows individuals without upfront financial resources to access legal representation. Understanding how contingency fees work and the factors involved is crucial when seeking legal assistance for personal injury matters.

Here is everything you need to know.

What are Contingency Fees?

Contingency fees are a payment arrangement in the legal world. Attorneys receive a percentage of the compensation awarded to the client if the case is successful.

Unlike upfront or hourly fees, attorneys only receive a payment if they win the case.

If the case is lost, then your personal injury attorney will not charge a fee.

Working on Contingency Fees

The fee structure for contingency fees is a bit different from normal cases. If you are hiring an attorney on a contingency basis, then you will not have to pay anything upfront.

The attorney will cover any legal expenses related to the case. This will include things like:

  • Court fees
  • Investigation costs
  • Expert witness fees
  • Travel expenses
  • Deposition costs
  • Transcription costs

These expenses and legal fees are usually deducted from the final settlement or court award.

The attorney's fee is calculated as a percentage of the total amount recovered if the case is successful. The exact percentage varies depending on factors such as the attorney, case complexity, and jurisdiction.

It is essential to discuss and clarify the fee percentage with the attorney before entering into any agreement.

Advantages of Contingency Fees

Contingency fees offer several advantages for clients.

Firstly, they provide access to legal representation for individuals who may not have the financial means to pay upfront fees. Attorneys are motivated to work diligently and obtain the best possible outcome since their fee depends on their success.

Contingency fees align the interests of the client and the attorney, encouraging attorneys to take on cases they believe have a good chance of success.

Important Considerations

There are important considerations regarding contingency fees that clients should keep in mind. Clients are not responsible for upfront expenses, but it is crucial to understand which costs will be deducted from the final recovery. Open communication with the attorney is necessary to have a clear understanding of the potential deductions.

Contingency fee percentages are negotiable in most cases. Clients should discuss the fee percentage and any potential variations during the hiring process.

Having a written fee agreement is essential, clearly outlining the contingency fee arrangement, including the percentage, expense handling, and other relevant terms and conditions.

Find Personal Injury Lawyers in Boise

Contingency fees are a great wire to get legal help with Idaho personal injury law without having to fork out a shed load of money upfront.

Attorneys of Idaho are here to help you. We are a team of experienced personal injury lawyers in Boise. We pride ourselves on helping our clients get the personal injury settlement.

Contact us today to see how we can help you.

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