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What Is a Contingency Fee? Answers from a San Diego Personal Injury Lawyer

san diego personal injury lawyerAfter being injured in an accident you will need to contact a San Diego personal injury lawyer. However, trying to find a way to come up with money to hire a lawyer to protect your legal rights and interests can be an additional burden that you do not need to deal with during a difficult time. Thankfully, contingency fee arrangements can often be arranged.

When you and your personal injury attorney in the La Mesa area agree to a contingency fee arrangement, no money is paid until your lawyer gets a favorable settlement for you. When that happens, the fee is a reasonable, agreed percentage of the judgment or settlement your attorney wins during your case. Most contingency fee arrangements do not require the client to pay any fees if the lawyer does not win any money.

In addition to allowing a client to obtain an experienced lawyer without having to find the money for a retainer, contingency fees have other advantages. Using a contingency fee agreement also guarantees that the lawyer finds merit in your case. An attorney will not want to spend time working on a case that is likely not to have a favorable settlement, and therefore result in them not getting paid.

A common question regarding contingency fees is how expenses are covered. Personal injury cases often require additional settlements to pursue a settlement against an insurance company or a judgement in a lawsuit. The most common expenses are obtaining an expert witness and filing fees. When a contingency fee arrangement is made, the lawyer or law firm pays the expenses out of pocket with the expectation of being reimbursed by their percentage of the claim when money is paid out after a favorable settlement.

Between working for free and potentially paying their own money for expenses, you can rest assured that the lawyer you come to a contingency fee arrangement with both believes in your case and will do everything in his or her power to get you a fair settlement. With contingency fees you do not need to worry about being unable to hire an attorney due to financial hardship.

 

Being injured in a car accident can have a massive effect on your life in many ways, so be sure to get an expert personal injury lawyer in San Marcos on your side. To find out more information about fees, or to get answers to other questions and set up a free consultation, call American Bar Association member Brett Geruntino, Esq. at Acclaim Law Group at (858)  252-0781.

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