Farid Yaghoubtil Explains How Contingency-Fee Representation Works
INJURY ACCIDENT LAWSUIT
Farid Yaghoubtil Explains How Contingency-Fee Representation Works
Hiring a lawyer after sustaining injuries in an accident can feel overwhelming, especially for those who are suddenly facing high medical bills and lost income. One of the most common concerns, and a concern that usually leads to affected individuals not seeking legal help, is the cost of legal representation. Fortunately, may personal injury firms work on a contingency-fee structure that allows injured individuals to pursue justice without paying any upfront legal fees.
What is a Contingency Fee?
A contingency fee refers to a payment arrangement in which an attorney’s fee depends on the outcome of a case. Rather than charging hourly rates or requiring a large retainer, the lawyer agrees to receive a percentage of the settlement or court award recovered on your behalf. This means that if your attorney does not win your case and recover any compensation, then you will not owe attorney fees.
Of course, every firm is different, so it is important to review the fee agreement carefully before hiring a lawyer.
Understanding How Contingency-Based Representation Works
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Free Consultation: most personal injury firms, including the Downtown L.A. Law Group, offer initial consultations at no cost. Our team will evaluate your case without ever requesting an upfront payment.
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Investigations: if you decide to pursue your case, the legal team will start gathering evidence, reviews medical records, interviewing witnesses, and ultimately identify the party/entity responsible for your injuries.
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Negotiations: your attorney negotiates with the opposing party/entity and their insurance company to seek a fair settlement.
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Litigation (only if necessary): in cases where a settlement cannot be reached, the attorney will file a lawsuit and represent you in court.
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Payment: if your lawyer recovers compensation for you, whether through a settlement or through a verdict awarded in court, the attorney receives payment and then the remaining funds are distributed to you.
The Benefits of a Contingency Fee
Contingency-based representation offers several benefits for injured individuals, including but not limited to the following:
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No upfront legal costs
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Reduced financial risk
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Access to an experienced legal team
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The legal team has the incentive to obtain the strongest potential outcome
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Clients can fully focus on recovering from their injuries rather than worrying about hourly legal costs
In general, an arrangement based on a contingency fee makes legal help available for many people who may otherwise be unable to afford to get help.
Understanding Additional Expenses Billed Separately
Even when attorney fees are based on contingency, it is important for anyone pursuing a claim to understand the different expenses that may arise during the legal process. The most common may include the following:
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Court filing fees
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Deposition expenses
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Costs for retrieving medical records or other records
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And more
Firms may handle these costs differently. Some may cover all case-related costs and then recover them from any settlement or verdict. To avoid any surprises at the time of recovery, it is best to ask how these costs are managed before entering an agreement.
It is important that you have a full understanding of how payment for legal services works, regardless of who is representing you. Some of the most important questions to ask include the following:
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What percentage of the recovery will the attorney receive if my case settles?
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Does the percentage change if my case ends up going to trial?
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Who covers all legal costs if my case is not successful?
Discussing fees and costs upfronts helps prevent misunderstandings later in the legal process.
The Downtown L.A. Law Group Can Help YouThe fact is that without the option of contingency-fee representation, many injured individuals would not be able to afford to pursue legal expenses. After an accident, injured individuals may be left unable to work and earn income for months or even years. Plus, they are suddenly left dealing with medical bills and no way to pay them.
By working on a contingency-fee basis, our firm is able to help more people fight for their rights and get justice. Our team is fully committed to remaining accessible to all and ensuring that injured victims and their families can recover the maximum recovery available for their claims. We offer free case evaluations, which include both free consultations and free second opinions. During these free legal services, our team will be available to answer all your questions, address all your concerns, and ensure that you have all the information that you need. To schedule a free case review, contact our team today.
Zero-Fee Guarantee: you will not be required to pay any upfront legal costs for any of our legal services. Since we work on a strict contingency basis, you will not be responsible for paying anything at all if your lawsuit is not successful.
If you do not win, you will simply not pay. Contact us today to learn more about how our firm can help you after an accident.
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