What is a Contingency Fee?

What is a Contingency Fee?

A Contingency Fee Agreement With Your Indiana Personal Injury Lawyer

A contingency fee means exactly what it sounds like: a lawyer’s payment is contingent based on the success of your case. The contingency fee agreement is a kind of legal agreement between a client and the lawyer, where the lawyer will receive a percentage of payment only if the case results in compensation for you and your damages. This type of fee arrangement is commonly used in personal injury cases, but it can also be applied to other types of litigation. Read further to understand the basics of a contingency fee agreement, how it works, and how it benefits the clients.

We Work On a Contingency Fee Basis

The law firm of Doehrman Buba Ring has always been dedicated to helping people. This means that our clients do not have to pay any upfront fees or costs for our legal services. Instead, we take a percentage of the compensation awarded to the client if the case is successful. Our focus is on getting our clients the best possible outcome, and we believe that this approach aligns our interests with those of our clients.

If you’ve been severely affected by a personal injury accident, you deserve expert legal help. Contact our experienced Indiana personal injury lawyers today to schedule a free consultation.

How Does a Contingency Fee Agreement Work?

A contingency fee agreement is an arrangement in which the attorney agrees to take on a client’s case without charging any upfront fees or costs. Instead, the attorney will receive a percentage of the compensation awarded to the client if the case is successful. This percentage is typically agreed upon between the attorney and the client before the case begins and is outlined in the contingency fee agreement.

The main benefit of a contingency fee agreement is that it allows anyone, regardless of their financial situation, to seek legal representation. It eliminates the burden of having to pay expensive legal fees upfront and gives clients peace of mind, knowing that their attorney’s interests are aligned with theirs.

The Benefits of a Contingency Fee Agreement

A contingency fee arrangement has several benefits for clients. These include:

No upfront fees: As mentioned earlier, injury victims do not have to pay any upfront fees or costs for legal representation. This removes the financial burden and allows anyone to seek justice through the legal system.

Leveling the Playing Field: Gain the representation you need to stand up against large insurance companies and their formidable legal teams. With our expertise and dedication, we ensure you have a fair chance in the pursuit of justice.

Motivated Representation: Your attorney has a vested interest in winning your case since their payment is directly tied to the amount of compensation you receive. This alignment of interests ensures that they will work tirelessly to advocate for your rights and maximize your potential recovery.

Maximized Compensation: Attorneys are incentivized to obtain the highest compensation possible to ensure you receive full and fair reparation for your injuries. Contingent fees result in better outcomes for clients due to the motivation of their attorneys.

No Financial Risk: If the case does not result in a favorable outcome, you’re not obligated to pay attorney fees.

Covered Case Costs: The attorney covers initial case costs, which are reimbursed only upon a winning settlement or verdict, reducing the financial strain on your personal injury claim. Again, lawyer fees are dependent on a successful outcome. 

How Do I Know If I Have A Viable Case?

Determining if you have a case with legal merit is simple when you take advantage of a free case evaluation offered by many law firms. During this consultation, you’ll gain insight into your legal rights and the options available to you. Generally, for a personal injury case to be considered valid, it should include these core elements:

  • There was a duty of care towards you.
  • This duty was breached due to someone’s negligence, resulting in your injury.
  • You suffered damages or financial losses directly related to the injury.

It’s important to remember that the responsibility to prove the validity of your case rests with you and your attorney. To succeed, you must demonstrate that it’s more likely than not that your claims are true, meeting the civil law standard known as “preponderance of the evidence.”

Contact Doehrman Buba Ring Today

In conclusion, a contingency fee agreement is a valuable option for individuals seeking justice without the worry of upfront legal fees. It ensures that your representation is as invested in the success of your case as you are, aiming for the highest compensation possible. If you’ve suffered a personal injury and believe you have a viable case, don’t let financial constraints hold you back from getting the legal assistance you deserve. Contact the experienced personal injury lawyers at Doehrman Buba Ring for a free consultation, and let us put our expertise to work for you.

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