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If another party injures you, they might be responsible for your damages. Damages include your physical injuries, but they also include your pain and suffering, your financial losses, and permanent impairments. Filing a personal injury claim is the first step in obtaining fair compensation for your damages.
However, you may wonder if you need a New York City personal injury attorney to handle your case. If so, you may worry about how you are going to pay attorney fees.
Many accident victims face this dilemma. They need help with an injury claim, but they do not have money to hire a lawyer. However, we have good news for you.
Our law firm accepts personal injury cases on a contingency fee basis. So what does that mean for you? First, it means that you can hire a personal injury lawyer in New York City without paying any up-front legal fees.
Attorneys may bill for their legal services with an hourly fee, flat rate fee, or contingency fee. Most personal injury lawyers accept cases on a contingency basis.
Attorneys who work on a contingency basis do not require a retainer fee. Instead, their fees are based on a percentage of the compensation they recover for you, if any. The attorney fee is contingent on the attorney recovering money for you. If the attorney does not recover money for you, you do not owe them any fees.
You and your lawyer will agree upon a percentage for the contingency fee before you engage them to represent you. The American Bar Association’s Model Rules of Professional Conduct discusses the requirements for contingent agreement in Rule 1.5.
The percentage may be based on a variety of factors, including:
When the attorney obtains the settlement proceeds or a jury verdict, the attorney deducts his fees from the amount before giving the remaining funds to the client.
Because the attorneys’ fee is directly tied to the outcome of the accident claim, attorneys working on contingency fees are highly motivated to obtain maximum compensation for injuries. Therefore, the more money attorneys recover for their clients, the higher their contingency fee.
There are two main benefits for the client. The first is that the client does not need to pay any money to hire an experienced New York City personal injury lawyer. Second, because the attorney does not charge upfront fees, accident victims can access qualified, successful, and knowledgeable legal counsel, regardless of their financial situation.
Second, the client does not pay any attorneys’ fees if the attorney does not recover money for the client’s case. Thus, the client is protected from an expensive legal bill to pay even though the client did not receive any money for their claim.
It is the attorney’s decision whether to take cases on a contingency fee.
Examples of cases that might have contingency fees include:
The attorney should have a procedure for contingency fees. While it is up to the lawyer to charge for services, the attorney should not discriminate in how he charges for legal services.
In addition to the attorney fees, there may be costs and fees for the case. Examples would be:
Talk with the lawyer about fees and costs before hiring that attorney. Make sure you understand who is responsible for paying these costs, when the costs must be paid, and what happens to the fees if the attorney does not win your case.
You have been through a traumatic event. You may not be sure where to turn for advice and guidance. We do not suggest relying on an insurance claims adjuster for advice.
If you or a family member sustained injuries in an accident, at the Law Offices of Jay S. Knispel Personal Injury Lawyers, we want to help. Contact our law firm to schedule a free consultation with an experienced New York City personal injury lawyer.
Obtain legal advice and honest case assessments from an experienced, dedicated advocate for injury victims in New York.
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