What is a Contingency Fee and Why Should I Be Concerned with It?

Attorneys typically earn their pay in several different ways depending on the kind of work that they are doing. Usually in personal injury cases, many attorneys accept payment through what is known as a contingency fee agreement. This can be to your benefit in the event that you need to move forward with a personal injury claim but you are already struggling to meet the mounting medical bills and other ramifications associated with your injuries.

Basics of Contingency Fees

A contingency fee simply means that the attorney will take his or her pay out of the settlement, whether this is a negotiation or through litigation. Injured people usually do not have funds necessary to pay their attorney on an hourly rate which is why many personal injury attorneys in Rhode Island work on a contingency fee basis.

Once a verdict or settlement has been achieved, the attorney is paid by a percentage of the settlement funds. This amount will usually be outlined in your initial contract with your attorney. The other upside to working on a contingency fee basis is that if your attorney is not successful in your case, you will not be responsible for paying his or her typical legal fees. You may still be responsible for paying expenses in the case, such as fees for photocopying pictures from the crash scene, for example.

When Contingency Fees Make Sense

A contingency fee agreement is very popular and strongly recommended for personal injury victims in Rhode Island and Massachusetts because it gives you a way to move forward with a claim and allows you to have access to a knowledgeable and experienced attorney without the hassle of being concerned about how to pay for the legal services.

Protect Your Rights To Compensation By Hiring An Injury Attorney On A Contingency Basis

After a serious accident caused by someone else’s negligence, you have enough concerns and enough problems to deal with. Let a knowledgeable attorney from Tapalian Law take your case on a contingency fee basis so that you can rest assured that your rights are being represented while you concentrate on healing. Receiving compensation from a personal injury case in Rhode Island or Massachusetts may be crucial for allowing you to put your life back together and to move on and recover from serious injuries. Schedule your free consultation with an injury attorney to get started today.