Generally, contingency fees are the most reasonable way for an attorney to handle a personal injury case. Contingency fees give an injured victim the ability to obtain legal representation without having to pay upfront, and without having to pay regardless of the outcome of their case.
When a lawyer accepts a case on a contingency fee, he or she agrees to take a percentage of the recovery. If a small recovery, the lawyer may actually lose money based upon the amount of time put into the case. And the other hand, if a large recovery, the fee paid to the lawyer may seem excessive.
All persons seeking legal representation on a contingency fee arrangement should know that the amount of the percentage is always negotiable. Although the end outcome is not known, at the beginning when you are meeting with an attorney, you can always negotiate the percentage.
Understand, when an attorney accepts a case on a contingency fee arrangement, there is a risk. There is the risk the attorney will only get a small recovery (and make little for the time and effort) and there is a risk the attorney will never get a recovery (and never get paid anything). Asking an attorney to take this risk comes with a cost, and that cost is the percentage of the fee you agree to.
Questions? Please feel free to contact one of the attorneys at Zachar Law Firm anytime to discuss your contingency fee eligible case. The call is always free.