What is a Contingency Fee?

What is a Contingency Fee

Fees for Personal Injury Lawyers – Accidents and Lawsuits

A contingency fee is the most popular type of personal injury lawyer fee in California. This means that the lawyer’s fees are a percentage of what a client agrees to pay once their case settles. There is no upfront payment. Contingent means that the lawyer will not receive any compensation for their time representing you if there is no money recovered.

Fee Structure and The Law

Section 6147 of The Business and Professions Code mandates that lawyer fees agreements must be in writing and that they can be negotiated. The percentage that a lawyer charges will vary depending on who is representing you, the type of injury, and the nature of your case.

Why Pay a Contingency Fee?

Injuries claims of merit are prioritized by contingency fees

Personal injury lawyers will not risk their time or money on cases with little chance of success. Most people who are injured want to know from the beginning whether their case is meritorious. A lawyer who refuses to accept a case on a contingent-fee basis is a sign that the case does not have merit. Talking to other lawyers about your case is a smart idea.

It allows victims to get valuable legal help even if they are unable to afford it

Unexpected expenses can result from an accident, which can reduce a victim’s earning potential. These bills can often be more expensive than the victim’s insurance benefits. If they don’t have any insurance, it can become overwhelming. Many people who are injured do not have the funds to pay a retainer or hourly fee for a lawyer. Insurance companies have great resources and pay their lawyers generously for their time.

It eliminates financial risk if you lose your injury case

The lawyer doesn’t earn a fee unless money is collected from a settlement. The lawyer does not get paid if no money is collected. Clients are responsible for paying any fees to the lawyer. This should be clearly stated in the signed agreement between you and your lawyer.

no fee no win

Contingency Fees Encourage the Best Results for the Client

A contingent fee gives the lawyer the best incentive to achieve results. The more money they get for you, the more they will earn. The contingent fee also gives the lawyer an incentive to get the case resolved as quickly as possible. Insurance lawyers work hourly and are motivated to spend as much time on each case as possible.

The Contingency Fees Allow You to Focus on Recovery

A contingency fee is the best option for most clients when it comes to personal injury lawyer fees. Because it is mutually beneficial, it promotes a healthy client-lawyer relationship. Clients can be sure that their injury lawyer will work hard to achieve results. Their lawyer will fight for them. They can concentrate on their recovery.

Our Lawyers are Here to Help

Insurance companies are constantly trying to lower, control, or eliminate contingency fees. It is the only fee arrangement that allows accident victims to hire experienced lawyers to defend their rights. A contingency fee is a fee that covers the cost of legal representation. Without it, most people would not be able to bear the financial burden or risk of seeking legal assistance. It also makes it very difficult to get the best settlement.

California Personal Injury Lawyers

John W. Stenson Accident & Injury Lawyers have helped victims of motorcycle accidents and car accidents. Since the beginning, our company has offered free legal consultations to all clients. We believe that everyone should understand what they are getting into when filing a personal injury case. We are here to help you if you have been hurt in an accident.


Contact Us Today!

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