24 Jan Contingency-Fee Lawyers Explained
Are contingency fees fair? Why do they exist? What kind of cases are teken on a contingency fee agreement?
The legal system should be available to everyone that needs it. In fact, the seventh amendment gives all individuals in the United States the right to a fair trial. The Texas injury lawyers at Rasansky Law Firm work on a contingency-fee basis in order to allow victims to bring a case without risking their own money in the process. This simply means that we won’t charge you a cent unless we win the case for you. To most people, this almost sounds too good to be true. In this post, we’ll show you why contingency-fee lawyers are a legitimate part of the legal system, why it makes sense for the client, and why you should seek one out for your case.
Contingency fee lawyers are common in cases which involve some form of payout as a result of an injury or other tort. Some of these cases may require a lawyer to use a lot of their own resources in order to win them. To bring a successful claim in the State of Texas you will often need to hire accident reconstructionists and medical experts. There are also costs associated with investigation as well as vehicle storage, video production, visual aids, filing fees, travel expenses, and a whole lot more. A contingency fee attorney gives you a chance to have your case heard to its completion without you having to put up any of your own money.
Some of the cases where a lawyer may charge a contingency fee include:
- Daycare abuse & nursing home abuse
- Product liability (defective products causing injury)
- Premises liability (slip & falls)
…and much more.
These types of cases usually involve large sums of money and need a considerable amount of commitment on the lawyer’s part. Experienced and confident lawyers who feel that they have a chance at winning a case will charge a contingency fee. It’s in your (and the lawyer’s) best interests to ensure that this amount is agreeable for both parties. The rates that a lawyer charges when it comes to contingency fees may depend on things like the attorney's experience, the type of case and several other factors which differ from one lawyer to the next. In Texas, contingency rates are usually around 33-45% of total payout.
It's important to understand, though, that hiring an attorney with the lowest percentage is not always the best idea. For instance, an inexperienced lawyer who charges a 33% may take a year to win you $100,000 (or may lose your case) at trial, but an experienced attorney (who charges 40%) may be able to broker a quick settlement for $300,000.
You must also understand that these agreements allow both parties (the victim and the attorney) to "fire" each other. If you do not like the way your attorney is handling your case, you are allowed to fire them (although doing so might turn other attorneys away from your case). On the same note, lawyers are also permitted to drop your case if it seems unwinnable, the client is not cooperating, etc.
Rasansky Law Firm works on a contingency fee basis and would like to invite you to get in touch with us so we can get you started on your case. Call us today at 1-877-659-1620 for a free legal opinion on your case.
1-877-659-1620
Sorry, the comment form is closed at this time.