What is a contingency fee & how does it help clients?
What is a contingency fee?
Those who have been injured in an accident, may be unable to pay out of pocket for legal assistance. Fortunately, using a contingency fee makes it possible to retain experienced and reputable attorneys to defend them without paying an expensive retainer. This is called a contingency fee agreement. Under a contingency fee agreement, the client pays no upfront fees or hourly rates for legal services. Instead the attorney agrees to accept a percentage of the resulting settlement or court award. If the client does not attain compensation, the attorney does not get paid.
Contingency fee agreements are common in personal injury lawsuits, medical malpractice claims, and other cases that could end with a lump sum payment. The standard rate is 33 percent, but may vary, especially when a suit proceeds to trial.
It’s important to understand that your attorney may or may not advance other costs of litigation including filing fees, document preparation costs, and expert witness fees.
If the case concludes successfully, an attorney who has financed the litigation recovers those costs as well as the fee. But if the case fails, you may have to reimburse the attorney for those expenses. Still a contingency fee allows you to hire an attorney to support your personal injury claim without going further into debt.
How a contingency fee could help you
When you’ve been injured in an accident, you might have a pile of medical bills and may have lost income from missed work, so you’re probably not in a position to go out of pocket for legal assistance. Fortunately you can retain the experienced and reputable attorneys at Matt Dion and Associates without paying an expensive retainer because of a contingency fee agreement.
You Shouldn’t Feel Taken Advantage of After an Accident. With My Help, You Won’t.
After 9 years representing major insurance carriers, I switched sides and started helping injured individuals recover damages against insurance companies. I use this rare insider experience to help my clients avoid tactics insurance companies and defendants use so my clients don’t settle for a substandard offer. My goal is to give you peace of mind knowing you’re in experienced hands. I’m here to help make the process as smooth as possible so that you can get the maximum compensation, and get your life back on track.