How Do I Pay For A Personal Injury Lawyer?
First, if we don’t recover compensation for you, you don’t owe us anything. Second, you don’t pay anything to us until we do recover compensation for you. Lastly, our fee is based on a percentage of your settlement. In summary, if we are able to settle your case you will pay for your personal injury lawyer fees directly from your settlement.
What Is A Contingency Fee?
A contingency fee is an arrangement between you and your lawyer, where your fee to your lawyer is not owed until and unless the lawyer achieves a settlement or jury verdict for you. The contingency fee is a method of payment that allows you to obtain legal representation without having the funds on hand to pay an attorney. Additionally, when an attorney takes your case based on a contingency fee, they are telling you that they have faith in your case. The lawyer knows that if they don’t recover anything for you, they won’t get paid.
When Will I Know How Much I Owe My Personal Injury Lawyer?
Once we negotiate the highest settlement offer we can for you, we will prepare a draft of a personal injury settlement statement for you to review. The settlement statement shows the offer amount from the insurance company and then shows you where every penny of that settlement will go. Typically, the settlement statement will show your attorney fee, any medical bills (and Medical Liens) that are being paid from settlement, and finally the amount going back to you.
Because you get to review your settlement statement prior to agreeing to the settlement, you can rest assured you will know exactly how much you will pay your lawyer and how much you will receive, all before agreeing to the settlement amount.
Would It Be Better If I Paid My Injury Lawyer An Hourly Rate Instead?
Not in our opinion. What we like about the contingency fee is that you can trust that your lawyer is taking the case because they believe in it. If you were paying by the hour, you may have an attorney who is more than happy to continue working on your case—and billing you—even though they know your chance of winning is very slim. The contingency fee protects you against this. You will find that your personal injury attorney is very honest with you about the value of your case. The reason for this is in part because the attorney’s office is investing its time in your case with no promise of payment.
Speak With A Charlotte Personal Injury Lawyer Today
We would be happy to answer any questions you have about personal injury lawyer fees. You can call us at 704.749.7747 or click HERE to request a call from us. Phone consultations are a great way for you to understand your options and we’re here to help.