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How Contingency Fees Work

| Sep 14, 2015 | Personal Injury |

If you recently have endured any physical or psychological harm due to negligence of another person, governmental entity, or private operation, you are likely eligible to file apersonal injury lawsuit. After searching the internet for the perfect lawyer, you see something along the lines of “we don’t get paid unless you win.” It seems too good to be true, so what’s the catch?

Personal injury lawyers generally work on a contingency fee basis, meaning no money is spent on the lawyer by the victim until a settlement is made by the lawyer in court. In the event of a loss, the lawyer doesn’t get paid.

This seems like a great deal, but it doesn’t mean you get off the hook without paying any fees. Besides paying lawyers for their time and efforts, as a victim, you pay fees for filing the papers and other court expenses required for the lawyer to arrange a court date and collect proper evidence. Win or lose, these fees are paid at the end of the term.

If your lawyer wins the case, their fees are collected by taking a portion of the money settlement decided by the court. Lawyers usually offer this payment system in the event that they are confident in their success because of the risk they are taking by offering their time and expertise at no initial cost.

If you or someone you know has recently fallen victim to a personal injury case, contact Kyle Law Firm based in the San Marcos, New Braunfels and Seguin area. Here, lawyers work on a contingency fee basis and guarantee a proper settlement for damages and injuries.