What Is a Contingency Fee?

What Is a Contingency Fee?

Many people who are injured as a result of someone else’s negligence don’t think they can afford to hire an experienced Georgia personal injury attorney and go after the compensation to which they are entitled. The truth of the matter is, however, that the majority of reputable personal injury attorneys work on a contingency fee base, and if you are wondering what that even means, we invite you to keep reading.

The Contingency Fee

When an attorney works on a contingency fee basis, it means that the attorney’s firm bears the financial responsibility for the case. They invest in building the strongest possible case in pursuit of just compensation that covers your physical, financial, and emotional damages in their entirety, and you won’t owe a thing until the case is concluded.

If you reach a settlement with the insurance company or you are awarded compensation by the court (if your case goes to trial), you’ll pay your attorney a prearranged percentage of the amount you receive. Your attorney will advance all out of pocket and litigation expenses.  In the unlikely event that you do not make a recovery, you will not owe your attorney anything.  In this way, you can focus on regaining your health and well-being while your personal injury attorney takes the insurance company to task for the  negligence and for the damages you’ve sustained.

How It Works

The upshot behind attorneys working on a contingency fee basis is that they don’t take on injury claims that they don’t believe have merit. While every claim has its own unique strengths and challenges, knowledgeable personal injury attorneys skillfully assess each claim before making the decision to take the case and move forward with the legal process. It is important to understand that attorneys do not have crystal balls, and even the surest cases can turn south. Nevertheless, trusted personal injury attorneys make highly educated decisions before taking on personal injury claims, and this should provide you with the peace of mind you need to press forward with your case.

What Personal Injury Attorneys Have to Offer

Once you’ve connected with a seasoned personal injury attorney, you can expect him or her to help in all the following ways:

 

      Helping you better understand your claim and how it is likely to proceed

      Gathering exhaustive evidence in support of your claim

      Skillfully negotiating with the insurance company for a settlement that covers your full array of damages

      Paying for all out of pocket expenses and litigation costs as the case progresses

      Building your strongest case in the event you do go to court

      Hiring all necessary expert witnesses and conducting all necessary tests and reenactments to bolster your claim

Seek the Legal Counsel of an Experienced Forsyth County Personal Injury Attorney Today

You’ve been injured by someone else’s negligence, and the focused Cumming personal injury attorneys at Banks, Stubbs & McFarland are here to help skillfully guide you on the path toward just compensation and as complete a recovery as possible. To learn more about how we can help you, please don’t hesitate to contact us online or call us at 770-887-1209 today.