What is a Contingency Fee?
A contingency fee is a method of paying your attorney in a personal injury case only if you receive monetary compensation through a settlement or winning the case in court.
The fee is “contingent” upon winning the case and is an agreed-upon percentage of the recovery amount. The typical contingency fee is around 33% of the recovery.
The exact percentage depends on factors such as the complexity and risk involved in the case and who pays for litigation costs.
This payment structure is great for injured victims because they don’t have to pay their attorney upfront. Instead, the attorney only gets paid if their client receives compensation for their injuries.
What Happens If You Don’t Win?
Since personal Injury lawyers work on a contingency fee basis, they only get paid if you win your case.
However, if you lose your case, you may still be responsible for paying your lawyer for their work and any court fees.
It’s important to have an open and honest conversation with your Personal Injury lawyer about their fees and their assessment of your case outcome so that you can be prepared financially.
Before hiring a lawyer, ask about their fees and the expected outcome of your case.
This way, you can make an informed decision and understand what you may be responsible for paying in the event of a loss.
Contact The Attorneys At The Brown Firm
The attorneys at The Brown Firm have over 30 years of experience handling personal injury claims.
They understand that the aftermath of a personal injury accident can be difficult and stressful, so they offer free consultations to accident victims in Georgia and South Carolina.
Our goal is to ease the legal process so you can concentrate on your recovery. Call us at 800-529-1441 for a free consultation so we can support you during this challenging time.
Ready to Talk to a Lawyer Who Has Your Back?
Contact The Brown Firm
Get the Answers and Compensation You Deserve
You’ll notice the difference when you contact The Brown Firm! Our local dedicated attorneys want to help you recover and rebuild.
Schedule your free consultation by calling (800) 529-1441 or completing our simple online form.