Injuries and accidents are unplanned, but they may take place in the future. In such a situation, it is not easy for everyone to afford a lawyer. However, you don’t have to necessarily spend big on a lawyer. You can hire one on contingency.
In this article, we will be discussing getting a personal injury lawyer on contingency. We will also be discussing the hiring fees of these lawyers and the procedure for hiring a personal injury lawyer who can work on contingency.
Personal Injury Lawyers and Contingency
In most cases, a personal injury lawyer will work on contingency. There are a couple of reasons for that, but the most important one is that they get paid a good amount if they win the case on contingency.
This is because when the injury case is settled with large corporations or medical industries, a lot of money can be paid to the plaintiff and the more the money, the higher the fees of the contingency lawyer.
They can also deduct any expenses incurred during the case from the settlement money, so there’s a great incentive for experienced lawyers to work on contingency.
However, one important thing that you should know about contingency is that the lawyer will study your case first. This means they will work on contingency only if they believe your chances of winning that particular case are high.
In fact, if they do not study your case and do their due diligence, that could be a sign that they are not too smart or experienced. Hence, don’t expect a lawyer to take your case immediately on contingency.
When you are hiring a lawyer on contingency, the fees that you pay will depend on the percentage you and your lawyer agree on. You are only eligible to pay that fees to your lawyer when you win the case. This means that if you lose the case, no fees will be paid to them.
There is no standard percentage that lawyers charge to work on contingency. It will vary from lawyer to lawyer and case to case. However, generally, most lawyers charge about 33% to 40% of the settlement money.
That is not the rule, though. You can absolutely try to negotiate a smaller percentage or maybe even a completely different arrangement. There are no set rules here, but remember to agree on all terms and conditions before you hire your lawyer or else you might face troubles after your case is over.
Finding a Lawyer to Work on Contingency
Finding a good personal injury lawyer can be difficult. If you are looking for one who can work for you on contingency, here are a few ways you can follow:
- You can ask a friend or relative of yours to recommend a lawyer, especially one who has gone through a similar case.
- Search engines can also help. You can look up a personal injury lawyer near you on Google or Bing and find lots of results.
- You can also search on websites that provide lawyers. You will be able to find many such services.
- Your state’s bar association can also provide you with lawyers. You just have to contact them.
Advantages of Hiring a Lawyer on Contingency
The foremost advantage of hiring a personal injury lawyer on contingency is that you only have to pay the fees if you win the case and from the settlement amount you will get. You won’t have to pay anything from your pocket.
Imagine getting into an accident and filing a case against the responsible party with a lawyer who doesn’t work on contingency. This means that whether you win or end up losing, you are supposed to pay their fees. However, with a contingency, you won’t have to pay anything if you lose.
Disadvantages of Hiring a Lawyer on Contingency
One disadvantage of hiring a lawyer on contingency revolves around the fact that one won’t know how long the case will last. Depending on the length of the case, you or your lawyer might think one of you got a bad deal.
Plus, there’s also the fact that not every lawyer will take your case on contingency. Only if they think your case will be an easy win, they will agree to work on it.
Personal injury lawyers are most likely to work on contingency because of their chances of earning a good amount of money. Hiring a personal injury lawyer on contingency is a great option for those who think their case is strong enough but cannot afford a good lawyer.
Another great thing about contingency is that your money will not go to waste if you end up losing.