Contingency fees are a common payment arrangement used by personal injury attorneys in Paramus and across the United States. This fee structure allows individuals who have been injured due to someone else’s negligence to pursue legal action without having to pay any upfront costs.
Under a contingency fee agreement, the attorney only receives payment if they are successful in securing compensation for their client. In other words, the attorney’s fee is contingent upon the outcome of the case. If the attorney is unsuccessful in obtaining a settlement or verdict on behalf of their client, they do not receive any payment.
The percentage of the final settlement or award that goes to the attorney as their fee varies depending on the specifics of the case and jurisdiction. Typically, contingency fees range from 25% to 40% of the total amount recovered. It is important for clients to discuss and agree upon this percentage with their attorney before moving forward with legal representation.
One of the key benefits of contingency fees is that they allow individuals who may not have the financial means to hire an attorney upfront to still pursue justice and compensation for their injuries. This can level the playing field between injured parties and large corporations or insurance companies who may try to avoid responsibility for causing harm.
Additionally, because attorneys only get paid if they win a case, there is an incentive for them to work diligently on behalf of their clients and strive for a favorable outcome. This can lead to better results for clients compared to attorneys who charge hourly rates regardless of whether they win or lose.
It is important for individuals considering hiring a personal injury lawyer near me attorney in Paramus or elsewhere to understand all aspects of contingency fees before entering into an agreement. Clients should ask questions about how expenses will be handled during the course of litigation, such as court filing fees, expert witness costs, and other out-of-pocket expenses that may arise.
Clients should also inquire about what happens if no settlement or verdict is reached – will there be any additional costs incurred? It is crucial for clients and attorneys alike to have clear communication about these issues from the outset so that everyone involved understands what is expected.
In conclusion, understanding contingency fees is essential when seeking legal representation for a personal injury claim in Paramus or anywhere else. By working with experienced attorneys who offer this fee structure, individuals can gain access to quality legal services without having to worry about paying upfront costs.
Brach Eichler Injury Lawyers
140 E. Ridgewood Ave. Suite 415, Paramus, NJ 07652
201-293-8545
