Understanding Contingency Fees
A person harmed in an accident may find himself or herself in desperate need of experienced legal representation right away. Unfortunately, many accident victims are unable to afford legal advocacy immediately after an accident because their injuries have left them with potential medical bills, treatment costs, lost wages, and much more.
For this reason, many accident victims find it beneficial to hire a seasoned lawyer who handles cases on a contingency fee basis, which is a fee that is paid contingent upon money being awarded to the accident victim. This fee is paid from the recovery amount. This means that if the lawyer is unable to recover compensation for his or her client, the accident victim does not pay the attorney a single penny.
What is the Amount of a Contingency Fee if a Recovery is Made?
Generally, the law does not regulate the amount an attorney can charge as a contingency fee. However, due to competition, these fees are usually uniform throughout the country. There are exceptions to the rule, including worker’ compensation claims that are brought under federal laws such as the Federal Tort Claims Act.
Have You Suffered an Injury in an Accident? Call The Park Law Firm.
If you have sustained injuries in an accident, we urge you to call our Franklin personal injury lawyer at The Park Law Firm right away. Because we understand that victims often face life-changing experiences after an accident occurs, we handle every case on a contingency fee basis only. We are dedicated to providing top-tier legal representation for our clients and work diligently to handle all the complicated legal matters while our clients focus on the road to recovery.