What is a Contingency Fee?
According to the American Bar Association (ABA), a contingency fee is a fee arrangement between a client and their lawyer in which the lawyer is paid out of any damages that are awarded. That is to say that the fee is paid to the lawyer only if the case is won.
A contingency fee directly contracts an arrangement such as a fixed hourly rate in which lawyers are paid regardless of the outcome of their case. Contingency fees typically do not include any up-front payments, while other fee arrangements do. Contingency fees are particularly common in personal injury cases. In those cases, if a lawyer successfully represents their client and wins their case, they receive a percentage of the damages awarded to their client. The ABA estimates that lawyers typically receive between one-fourth to one-third of the damages in these cases. So if a plaintiff sued a defendant and won $1,000, the lawyer would receive between $250 and $333. However, this is not a rule, and some lawyers may operate on a higher contingency.
In concept, contingency-based-fees allow for more people to have access to lawyers and justice. When paying on a contingency, they don’t need to spend money up-front on a case they may not even win, though there may be other fees to be paid. Lawyers may also have incentive to give the best representation possible in cases where their payment is outcome-based, although some suggest that they may lead to some lawyers settling cases too early.
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Personal Injury Claims: What to Expect
Getting hurt in an accident can turn your life upside down. Understanding how personal injury claims work will help you get the compensation you deserve while focusing on your recovery.
How Long Do Most Personal Injury Claims Take?
Most personal injury claims take four to 12 months to wrap up, though some cases might need more time. The timeline depends on how serious your injuries are, who was at fault, and whether the insurance company works with you or against you. If your case goes to court, it could take longer than if you settle outside court.
It’s smart to wait until your doctors say you’re as recovered as you’re going to get before settling. This way, you’ll know what your long-term medical needs and costs will be.
How Does the Claims Process Work?
The personal injury claims process is straightforward – […]
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Internal Bleeding from a Car Accident
Car accidents often involve blunt force, which can cause an array of injuries like broken bones, organ damage, and more. Auto accidents may also cause internal injuries and internal bleeding. When you are involved in an auto crash, you must seek immediate medical attention to ensure that you do not have any injuries and receive proper care if you do. It is also of the utmost importance that you wear a seat belt every time you are in a motor vehicle to help prevent serious injuries in the case of a traffic crash.
The Causes of Internal Bleeding After a Car Accident
There are a variety of causes of internal bleeding after a car accident. Internal bleeding can be caused by damage to blood vessels, a traumatic brain injury, broken bones puncturing internal organs, and more.
The Visible Signs of Internal Bleeding
There are many signs and symptoms of internal bleeding to look out for. […]
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Common Pedestrian Accident Injuries
Pedestrian accidents can lead to devastating injuries due to the inherent vulnerability of individuals on foot. Unlike occupants of motor vehicles, pedestrians have little protection against the force of an impact, often resulting in severe trauma. Understanding the common injuries sustained in these accidents is necessary for victims seeking compensation and support. The consequences can be life-altering, affecting not only physical health but also emotional well-being and quality of life.
Critical Injuries in Pedestrian Accidents
Pedestrian accidents can result in catastrophic injuries, including Traumatic Brain Injuries (TBI), spinal cord damage, internal organ injuries, and severe fractures and crush injuries. TBIs can cause long-term cognitive impairment, memory loss, and emotional disturbances, requiring extensive rehabilitation. Spinal cord damage can lead to partial or complete paralysis, requiring lifelong care and adaptations.
Internal organ injuries, […]
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If I Have a Bad Doctor While I Am in the Hospital, What Should I Do?
Discovering you have a subpar doctor while hospitalized can be frightening and frustrating. While most hospital physicians provide excellent care, some fall short of medical standards. According to recent studies, medical errors are now the third leading cause of death in U.S. hospitals, making it important to advocate for your care. When you’re concerned about the quality of your hospital doctor’s treatment, you need to know your options and rights. Here’s what you can do if you find yourself under the care of a physician who isn’t meeting professional standards of medical care.
Reasons You Might Be Dissatisfied with Your Doctor
You may come to be dissatisfied with your care for a wide range of reasons. While not every issue you have with a medical professional may be worthy of legal action, the following are potential signs of poor care and medical malpractice. […]
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How Long Does it Take to Receive My Personal Injury Settlement?
If you or a loved one have been injured due to someone else’s negligence, you know how overwhelming an accident’s
aftermath can be. Managing medical appointments, financial losses, and daily tasks can be exhausting. Maintaining financial stability for your family may seem impossible, and you are wondering when a settlement is reached, how long it will take to get paid? Compared to the time it takes to settle a claim, the wait for payment is usually short. Once your claim settles, you can receive the money within a few weeks.
At Munley Law, we understand the financial burdens you are facing. Our personal injury lawyers will work hard to make sure you receive your settlement check in a timely fashion. Contact our personal injury law firm today to schedule a free consultation.
Steps Involved in Receiving a Personal Injury Settlement
A formal settlement agreement is created once both parties agree on a settlement. […]
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