What Is A Contingency Fee?
When you decide to hire a lawyer, there are different ways they could be compensated. Many personal injury lawyers work on contingency fees. A contingency fee means the legal work is paid out of the financial settlement provided by an insurance company. Or if the claim becomes a lawsuit, the pay is taken out of the financial amount that is court awarded. Because the lawyer fees are distributed once the settlement is secured, there are no lawyer costs in advance. This can be helpful for accident victims who do not have funds to spare.
No matter how you were injured, its important to connect with a Shreveport injury lawyer. Working with a lawyer can strengthen your ability to secure the highest settlement amount possible. Don’t worry if you think you can’t afford a lawyer, contingency fees mean a lawyer won’t get paid unless you do.
The Complexity of the Case and Litigation Costs
Your lawyer fees are contingent upon success when you work with a lawyer paid with contingency fees. In the beginning of your relationship, you and your attorney will agree on a percentage the lawyer will take once recovery damages are awarded.
Litigation costs vary but can include a variety of charges, including filing fees, transcription costs, fees for expert witnesses, and charges associated with securing copies of records and documents. How these charges will be handled should be discussed upfront, including if the contingency fee percentage is calculated before or after litigation costs are taken into account.
Do you have questions about contingency fees? Talk to the personal injury lawyers at Rice & Kendig. We truly care about our clients and devote our knowledge, skills and resources toward securing a great result every time. You do not need to navigate complicated negotiations on your own. Together, we can achieve success. Contact us today at 318-222-2772 to schedule your free consultation.