How Contingency Fees Work and Why They Are So Popular
Posted By Givens Givens Sparks || Nov 17, 2015
Anytime someone is injured as a result of someone else’s negligence, it can be a daunting experience and the victim can also feel that they have nowhere to turn. They are most likely dealing with multiple hardships including physical pain, emotional stress, and most of all, financial loss.
When a party is injured, it can leave the individual struggling to find the funds to cover medical expenses, lost wages, property damage, and more. This is already enough to worry about, but how does an injury victim afford an attorney to seek compensation for their damages? A number of individuals hesitate when seeking legal counsel because they are unsure of how they will afford it. Most often, though, personal injury lawyers work on contingency fees.
When looking for a personal injury attorney in Tampa, it is important to understand what contingency fees are, how they work, and what makes them so popular. Most injury lawyers are aware that injury victims are already facing extreme hardships, including those involving finances. Because of this, they set up arrangements on how to represent a client without the concern of money on the mind of the victim.
If an attorney works on contingency fees, it means they represent clients and their payment is contingent on their success in the case. Oftentimes, this means that the client does not pay a single penny out of pocket in order to retain counsel. The lawyer will pay upfront fees in order to retain documents, hire experts, and go to trial. If the case is unsuccessful, the client would not have to pay the attorney for the counsel received. If the case is successful and compensation is obtained, the attorney is paid as a percentage of the money secured.
There are a number of attorneys who represent clients based on contingency fees because they understand how difficult it is for injury victims to endure this difficult experience. When an individual is hurt because of someone else’s negligent or reckless actions, they can feel as though there is nothing they can do. Between paying for medical bills and missing work, the stress can be seemingly insurmountable. By working on contingency fees, attorneys often give injury victims a bit of hope in their case.
Injury victims can feel peace of mind knowing that they don’t have to worry about exorbitant fees in order to seek compensation. They will have the opportunity to file a necessary claim and be financially obligated if and when compensation is secured on their behalf.
At Givens Givens Sparks, our Tampa personal injury lawyers work on contingency fees. You can discuss your case with us and begin receiving counsel with no obligation and no fees until we are able to successfully secure compensation on your behalf. This is our dedication to standing up for the rights of injured individuals who need to hold a responsible party accountable for their actions. If you suffered because of negligence, call our firm today and discuss your case with our team in a free consultation.