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How Do Accident Attorneys Get Paid?

Posted on : December 15, 2020

If you or a family member were involved in an accident and are considering hiring a lawyer, you may be concerned about how you’ll afford the attorney in the first place, especially if you don’t win your case. However, injury lawyers often work on a contingency basis, which allows victims who might not be able to afford legal representation to still file a claim in court. Here’s what you should know about accident cases and contingency payments. 

Personal Injury Cases & Contingency Fees 

Often, personal injury cases are taken on a contingent basis. This means that an attorney agrees to work on the case with the understanding that if the case is won, they’ll receive a percentage of the settlement award. They also understand that if the case is lost, they will receive no payment from the plaintiff. 

Why Accident Lawyers Work On a Contingency Basis 

Injury lawyers understand that most people who are hurt in an accident don’t have the money saved back to cover all of the expenses related to the incident, including and especially the cost of hiring a lawyer. However, without flexible payment arrangements, few accident attorneys would have cases and few victims would have the ability to seek compensation for harm they’ve endured. 

Attorneys who accept contingent fees typically only take on and invest time into cases that have a significant chance of success. This allows lawyers to work with victims with clear cases of negligence who, under different circumstances, wouldn’t be able obtain justice for damages someone else caused. 

When to Pay Your Accident Attorney 

You won’t pay your accident lawyer after your settlement is won. Instead, the insurance company or court will make the settlement payment to your attorney. Your attorney uses your settlement to cover any nominal incurred expenses, like postage, lodging, and anything else your lawyer had to pay for out of pocket while representing you. Then, they keep roughly 30% or so as payment and issue you the remainder. 

Schedule Your Free Legal Consultation Today 

If you or someone you care about have been involved in an accident or were injured by someone else who was acting negligently, you may be able to collect compensation for medical bills, time out of work, and the suffering you’ve endured. Call Southside Injury Law today for assistance at (770) 703-6008 or toll free at (800) 393-8595. We’re available now to help you navigate this difficult time. 

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