What are Contingent Attorney's Fees?

I can't tell you what every injury attorney will charge to take your case

. But I do know that most injury attorney's will charge you as a percentage of a final settlement. This is why they say there is no fee if you lose--they only collect a fee based on winning your case. This is what is known as a contingency fee.To say it again, because this is that important for accident victims needing help to pay medical bills, the amount that the personal injury attorney will charge is contingent on the successful settlement of the case. For this reason, accident attorneys tell you that they wont charge attorney's fees if you lose. Your fee is based on a certain percentage of the final settlement. If there is no settlement, the personal injury attorney doesn't collect any fees.Many other types of lawyers practicing different types of law will charge by the hour, or have a flat fee. Instead, injury lawyers charge a contingency fee. Now, the percentage of the settlement that your lawyer will collect depends on the agreement you and your personal injury attorney make. The fee may change if the case goes to trial or is settled out of court. But, there are a whole lot of other factors your injury lawyer might take into account. There are a few rules that great injury attorneys follow, however, like requiring that the fee be reasonable, that the contingent fee be agreed upon in writing and signed by the client, and that upon completion of the case the attorney must account for why and who gets different amounts of money.So I should find the cheapest injury attorney out there, right? An attorney that accepts the cheapest rate? Absolutely not! Never chose an accident lawyer just because of price. After you have been hurt in a car accident, for example, and you need help to pay your medical billsthe least expensive lawyer could be the worst idea. Why? Their fees might be low, but you may not end up with a settlement that can cover all of your medical bills and leave in you debt.When looking for an injury attorney to handle your case always make sure you know for sure, and in writing, how the fee will be calculated, if the fee changes depending on how far along in the court process your case goes, and what happens if you lose. By doing this you can understand the exact conditions that your injury lawyer is working under, and you will receive the best service.

What are Contingent Attorney's Fees?

By: James Brown

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