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What Are Contingency Fees?

What Are Contingency Fees?

If you have been injured as a result of someone else’s negligence in an accident such as a traffic accident, a slip-and-fall, or an accident caused by a defective product, regaining your health may be all that you can concentrate on at the moment. However, the fact is that your ability to reach your fullest recovery can hinge upon obtaining compensation for the damages you have suffered.

Why Contingency Fees?

The best path forward if you have been injured by someone else’s negligence is to work closely with an experienced personal injury attorney – who will help skillfully guide your claim toward a just resolution. However, after being injured, you are likely to face mounting medical bills (even as your income may drop as a result of lost wages). This scenario is a perfect demonstration of why most reputable personal injury attorneys work on a contingency fee basis. If personal injury attorneys charged legal fees upfront, many people with personal injury claims would not be able to afford the professional legal counsel that is generally necessary to recover on related damages successfully.

Contingent upon What?

The contingent part of contingency fees means that the attorney’s payment is contingent upon your case coming to a successful close in which you receive either a settlement from the insurance company (that you sign off on) or a court-ordered award. When a case is settled in favor of the defendant, and no settlement or award is forthcoming, the injured party owes no legal fees. The attorney is not compensated for the legal services rendered.

The Benefits of Legal Services Based on Contingency Fees

If you have been injured as a result of someone else’s negligence, the last thing you need is another worry on your mind, including the worry of how you will pay for the legal services that you need to recover on your physical, financial, and emotional damages. Legal services that are contingency-based offer all of the following benefits:

  • You do not have to worry about how you will pay for your attorney’s legal services. If you prevail with your claim, your attorney will receive a prearranged percentage of the settlement or award.

  • Your personal injury attorney does not have to limit his or her efforts to what you can afford and will move forward with building the most robust case possible.

  • You are assured that you have a case with merit – because there is no other reason for your personal injury attorney to take on your claim.

  • You are far more likely to obtain a settlement that covers your damages in their entirety when you have a dedicated personal injury attorney in your corner.

Do Not Wait to Consult with an Experienced Killeen Personal Injury Attorney

If someone else’s negligence leaves you injured, attorney Brett Pritchard at The Law Office of Brett H. Pritchard in Killeen, Texas, is committed to employing his considerable experience and skill in pursuit of a favorable claim resolution for you. For more information, please do not hesitate to contact us online or call us at 254-501-4040 today.

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