Many attorneys in personal injury cases work on a “contingency fee” basis. This means that the attorney agrees to accept a percentage of the settlement or verdict for payment in the case—and ask you for no money. Ever!
Contingency fees mean that you pay zero out of pocket. Contingency also means that no matter how many hours an attorney works on the case, you will not be charged until the attorney receives settlement or verdict in the case. Insurance companies may trick you into thinking that the attorney is only taking a percentage of what is yours and you will get more if you don’t hire an attorney. Do you know why they tell you this? Because the insurance companies DO NOT WANT YOU TO HIRE A LAWYER.
Countless studies have shown that people receive much more when they hire an experienced personal injury lawyer. They get more than they would receive if they did the case alone—even having to pay the legal fees. Many attorneys have different contingency fee arrangements based on the case, so please speak with your attorney get your specific questions answered.
Experienced Phoenix personal injury lawyers prefer contingency fees because it allows them to focus on the case without worrying you about the fees. More importantly, a contingency fee allows you to focus on the most important thing--your physical recovery from the accident as well as other personal issues you may need to address stemming from the accident.
Most attorneys will provide a free initial consultation, meaning that there is no cost to you to meet with an attorney. When meeting with an attorney, be sure that you discuss the fees and costs with your case. Please don’t guess about what the contingency fee may be---speak with an experienced Phoenix personal injury lawyer. Get all of your questions answered.
Lastly, there may be costs associated with the case (out of pocket costs), but experienced Phoenix personal injury lawyers will pay these, then reimburse out of the settlement, so, still no out of pocket to you. It is important to hire an experienced Phoenix personal injury lawyer who will know which costs are imperative to receiving the maximum value of the case and which costs can be avoided. This can put you a lot of extra money in your pocket in the long run.