Personal Injury Lawyer
After being injured in an accident, you might feel overwhelmed with all the expenses, and the thought of hiring a personal injury lawyer in Washington, DC, such as from Cohen & Cohen, could exacerbate those feelings. While you need to file a lawsuit to gain compensation to help you with your expenses, you don’t have the funds to pay your lawyer upfront. The good news is you might not have to.
Contingency Fee Agreements
Personal injury lawyers understand that the circumstances surrounding most personal injuries don’t exactly give you time to save up for representation. This is why many of them allow for contingency fee agreements. Instead of you paying your lawyer upfront, or even as you go through the process of your case, pay would be contingent on winning the case. That fee would come out of your settlement. This means if there is no settlement, so if you lose the case, you wouldn’t end up paying the lawyer fee at all.
Many contingency fees range anywhere from 33% to 40%, but could also vary based on a few factors. For example, if a lawyer has more experience and is more sought after, he or she might charge a higher percentage for the fee, such as 45%. This means that 45% of your settlement would go to the lawyer. If your settlement is $80,000, the lawyer would be paid $36,000.
The obvious benefit of a contingency fee agreement is that the fee comes out of the settlement at the end, but there are other benefits as well. For example, you often receive better representation from a lawyer who charges a contingency fee because his or her payment depends on whether the case is won.
Keep in mind there are other costs associated with personal injury cases. These are often not included in the contingency fee, but it depends on your lawyer. For example, the agreement with your lawyer might allow you to pay these additional costs after you reach a settlement. It might be included in the contingency fee because the lawyer would pay for them along the way. In another agreement, a lawyer might require you to pay these additional costs along the way. Be sure you know and understand what they are, as well as what and when you are required to pay.
Contact a Lawyer Today
When you’re injured in an accident that could have been avoided, you deserve to be compensated. Contact a personal injury lawyer today with any questions.