What does it mean when a Florida personal injury lawyer works on a contingency fee basis?
Fort Lauderdale, FL—Lawyers who offer their services on a contingency basis are those who are willing to represent a client and only collect their fees if they win the case.1 For example, if an attorney were to take on a car accident case on a contingency fee basis, they would only take their percentage of fees if and when they win the case. While some personal injury attorneys require their clients to provide them with 20% to 50% of the recovery amount, those seeking legal representation should discuss with an attorney how much their services cost as the amount does vary by law firm.
Benefits of Hiring a Personal Injury Attorney on a Contingency Basis
After an individual has been involved in an accident that was brought on by someone else’s negligent behavior, they may have already spent money on accident-related expenses they didn’t budget for. And if their injuries prevent them from working, they may no longer have a steady paycheck coming in. Therefore, the last thing an accident victim might be able to afford is legal representation.
However, because many FL personal injury lawyers understand how costly a car crash or slip and fall accident can be to a victim, many opt to offer their services on a contingency basis. This way, the accident victim is able to retain a Fort Lauderdale, FL personal injury lawyer and potentially recover the compensation they are entitled to for things like:
- Pain and suffering
- Lost wages
- Past and future medical expenses
- Mental anguish
- Loss of enjoyment of life
What are some of the other payment arrangements personal injury attorneys accept for their legal services?
While some personal injury lawyers will agree to work on a contingency basis, such as those as Madalon Law, other firms might offer to take on a case using a different payment arrangement. Some examples include:
- Pay by the hour. Some attorneys offer their services for an hourly fee. This means the client pays for the legal services they receive by the hour.
- Flat rate. Another payment arrangement an attorney might agree to in exchange for their legal representation is accepting a flat rate fee. The lawyer would need to value the case beforehand and provide their client with a flat rate that they are willing to accept to take on the case.
- Retainer fees. One other type of payment arrangement an attorney may accept is a retainer fee. A retainer fee is when a client pays their lawyer a sum of money upfront and the attorney deducts their fees as the case runs its course. If the retainer runs out, the client would then need to replenish it.
In addition to having to pay for legal services, an individual might also incur a consultation fee. Consultations are meetings that allow an accident victim to explain their situation to an attorney and find out if the lawyer can be of some assistance to them. Fortunately, the Fort Lauderdale, FL personal injury attorneys at Madalon Law offer free case reviews so that potential clients don’t have to worry about spending additional money just to find out if they need to hire a lawyer.
If an individual was recently involved in a motor vehicle accident, slip and fall accident, or was injured in another type of incident that was caused by someone else’s negligent behavior, the lawyers at Madalon Law are ready to address any questions or concerns they might have.
You can reach Madalon Law at:
100 N. Federal Highway, #CU5
Fort Lauderdale, FL 33301
Phone: 954-923-0072
Website: www.madalonlaw.com
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