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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Can a Car Accident Claim be Reopened?
Can You Reopen a Past Car Accident Claim?
The aftermath of a car accident can be an immensely stressful and overwhelming time. The financial burden of medical bills and additional damages, the mental and emotional weight of trying to get back to your regular life, the physical strain of your injuries–it’s a lot. What’s more, the process of making an insurance claim or a legal claim can feel wildly daunting. It’s very normal to feel confused by the process, and to want it to be settled and done as quickly as possible. No one wants to spend more time than they have to talking to the insurance company and navigating the claims process when they’re trying to heal.
But what happens if you do reach a settlement agreement and close your car accident claim, only to realize that, for whatever reason, […]
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How Long Does It Take to Receive a Offer of Compensation?
Does it Take a Long Time to Receive a Fair Settlement Agreement?
After an accident, you may have a million things running through your mind. At the top of the list might be how you are going to recover from your injuries, including who is going to pay for medical bills, take care of you, and more. And how long does it take to receive compensation.
To ensure you receive fair compensation in any kind of personal injury claim or personal injury lawsuit, you want to make sure you have an experienced injury lawyer by your side. At Munley Law Personal Injury Attorneys, our personal injury lawyers have been fighting on behalf of victims for more than 60 years. Our team of lawyers have received settlement funds in the millions for our clients. We will use our skills to negotiate with insurance company to ensure you receive a fair offer of compensation so you can recover from your injuries. […]
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What Are the Most Common Causes of TBI?
What Types of Accidents Cause a Traumatic Brain Injury?
Traumatic brain injuries often occur after a hard blow to the head, whether from falling, getting into a car crash, or being involved in an accident. These types of injuries can be life changing physically, emotionally, and financially.
If you or someone you loved has suffered from a traumatic brain injury due to someone else’s negligence, speak to a lawyer today. The traumatic brain injury lawyers at Munley Law Personal Injury Attorneys have decades of experience ensuring injury victims get the justice they deserve. Contact us today for a free consultation.
How Common Are Traumatic Brain Injuries?
A traumatic brain injury (TBI) is different from a head injury in that it can cause serious complications, even if it is mild and not life-threatening. […]
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What is the Truck Accident Claim Process?
What Happens After a Trucking Accident?
Being involved in an truck accident is a traumatic experience. Like a car accident, a truck crash can cause debilitating personal injuries and emotional distress–but due to the sheer size and force of the vehicle, truck accidents often cause more severe injuries and mental agony than an accident involving passenger cars alone.
When you or a loved one is involved in a truck accident, the last thing you want to do is try and figure out the complicated truck accident claim process.
It is essential, however, that you act fast–while evidence is fresh and before the statute of limitations runs out–in order to ensure you receive the full and fair compensation you deserve. Thankfully, an experienced truck accident lawyer can handle most steps of the truck accident claim process for you, and at no charge to you unless you win a truck accident settlement or jury award. […]
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What to Do After a Truck Accident
We know that if you or a loved have been injuried in a truck accident, you may have many questions. You may be wondering what to do after a truck accident. An experienced truck accident lawyer at Munley Law Personal Injury Attorneys can answer your questions. We’ve answered some of the most frequently asked questions here. You can also call us at 844.385.7535 for a free case evaluation where we can discuss the specific details of your truck crash. We will help you understand your rights and what you need to do.
Steps to Take After a Truck Accident Happened
In the immediate aftermath of a truck accident, there are things to do at the accident scene if you are able. The steps to take include:
- Remain calm
- Stay in your vehicle if it is safe to do so
- Turn on your hazard lights
- Use your cell phone to call 911, […]
