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.
What is a Contingency Fee?
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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Aviation Accident Lawyers
Statistically, you are more likely to be involved in a car accident than be injured in a plane crash. However, when plane crashes occur, the injuries tend to be severe and even fatal. Unlike car accidents, where only a few people may be involved in a collision, dozens of passengers and crew members may suffer when an aviation accident occurs.
At Munley Law, we work with victims and their families who have suffered tremendously after a plane or helicopter accident. We’ll take on the commercial airlines, airplane manufacturers, and negligent pilots to ensure you get the compensation you need to recover.
The Role of an Aviation Accident Lawyer
Studies show that there are 0.01 injuries per 100 million passenger miles traveled by air, compared with 48 injuries for
the same distance traveled in cars and trucks. Despite their rarity, […]
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Erie Product Liability Lawyer
As consumers, we purchase goods that are supposed to make our lives easier and better. Unfortunately, when a defective product causes injury, you need to know your financial recovery options. If dangerous products injure you or a loved one, call the Erie product liability lawyers of Munley Law.
For over 60 years, Munley Law has represented injury victims in product liability claims who seek fair compensation for their injuries. Call Munley Law for a no-obligation, free consultation.
What Is a Product Liability Case?
Product liability law allows an injured party to take legal action if they encounter a defective product. Product liability cases are often classified under strict liability, meaning that even if the defendant did not have intent or knowledge of the alleged harm, they can still be held liable.
A product liability claim can fall under one of four categories. […]
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Erie Motorcycle Accident Lawyer
Motorcycle accidents can often result in catastrophic injuries. These vulnerable road users are 28 times more likely to be killed in a motor vehicle accident compared to other drivers and four times as likely to sustain an injury. Due to the size of a motorcycle compared to a standard passenger vehicle, these accidents often result in severe injuries, hefty medical bills, and mental anguish for the rider and their family. An Erie motorcycle accident lawyer will be needed to help you regain compensation for your injuries.
Motorcycle accident victims need protection. This is where Munley Law comes in. For decades, we have represented victims and their families in the most complex personal injury claims. Let us do the same for you. Call today to speak with one of our Erie motorcycle accident lawyers.
What Are the Common Motorcycle Accident Injuries?
Due to the size and weight differences of most cars and trucks on the roadways compared to a motorcycle, […]
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Understanding the Rights of Reading Truck Accident Victims
In recent years, Reading has witnessed a concerning uptick in truck accidents. These incidents, often devastating, have left many victims grappling with physical, emotional trauma, and financial burdens such as lost wages. Amidst this challenging landscape, the role of a Reading Truck Accident attorney becomes paramount. Munley Law Personal Injury Attorneys, with their seasoned expertise, stand at the forefront of this legal battle, ensuring that victims’ rights are not only understood but fiercely protected.
The aftermath of a truck accident can be overwhelming. Victims often find themselves navigating a maze of medical expenses, insurance claims, and potential legal actions. This is where the specialized knowledge of a Reading Truck Accident lawyer from Munley Law can make a significant difference. Our team is dedicated to guiding victims through the complexities of the legal system, ensuring they receive the compensation they rightfully deserve.
However, […]
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Personal Injury Glossary Terms
This glossary provides a quick-access resource for looking up definitions of terms you will likely encounter while seeking compensation.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W
A
Accident Report — A detailed official record of an incident created on-site by an authority figure such as a police officer or hospital staff member.
Act of God — An unforeseen event caused by natural forces without human involvement that couldn’t have been prevented with reasonable care, […]
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