Personal Injury Lawyer in Evansville bill using a contingency fee. It is important to understand how the fee works before hiring an injury lawyer. On the surface, the contingency fee is attractive considering one does not pay anything if the case is lost.
The reality hits clients when they win the case and have to part with half the settlement and the lawyer put less work into the case. Knowing the how the contingency works before hiring an injury lawyer will help negotiate the percentage fee for the best possible outcome.
Contingency fee definition
For the lawyer to reap benefits, he or she must win the case. Failure to win the case results in no payment. It is a great thing to get the legal work done with no risk of spending money for nothing.
When does contingency fee apply?
In general, contingency fee is offered to clients who have a legal claim but cannot afford the costly hourly rates charged by lawyers.The contingency fee is available to people injured in a traffic accident,workplace injuries, medical malpractice and other personal injuries.
Other people who have a chance to enjoy contingency fee include real estate issues, workplace violations and patent infringement.
When is the contingency not available?
In some legal instances, this type of billing is not available due to potential unethical conduct lawyers will do to win the case hence the fee benefits. Such cases include divorce, adoption, criminal defence, immigration issues, etc.
What is a fair attorney contingency fee?
There is no set rule for a lawyer contingency fee. This fee is meant to compensate the lawyer adequately for the time and effort put in the case helping the client recover any lost money and inconveniences made due to the injury.
There is a lot of expenses that the lawyer incurs during injury case. Some of the costs include case filing fee, transcript fee, witness fee and other payment the lawyer pay to the firm. If your attorney fails to win the injury case he or she stand never to get the money back.
The case determines the rate of contingency fee at hand. If you have less chance of winning the contingency fee will be high and vice versa.
The best way to get a reasonable contingency fee is comparing the rates with other injury attorneys in Indiana. Remember to put another factor into consideration eh lawyer reputation and experience.