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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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. Most traumatic brain injury cases each year fall into this category, […]
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Philadelphia Drunk Driving Accident Lawyer
A Philadelphia Drunk Driving Accident Attorney Will Fight for the Injured
When someone chooses to drink and drive, they risk the lives of everyone around them. If you have been injured in a car accident with a drunk driver, the law is on your side. If you or a loved one has been injured in a Philadelphia drunk driving accident, it’s important to seek legal advice to ensure you receive fair compensation for your losses.
At Munley Law Personal Injury Attorneys, our experienced legal team is committed to providing you with the dedicated legal representation and compassionate guidance you need during this difficult time. With decades of combined experience and a thorough understanding of Pennsylvania drunk driving laws, our Philadelphia drunk driving accident lawyers have the resources and knowledge to fight for your rights and get you the best possible outcome. Contact the Philadelphia car accident lawyers at Munley Law Personal Injury Attorneys today for a free consultation. […]
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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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Should I Get a Lawyer for a Car Accident That Wasn’t My Fault?
Do I Still Need a Car Accident Attorney After a Car Accident That Wasn’t My Fault?
Do I Still Need a Car Accident Attorney After a Car Accident That Wasn’t My Fault?If you are involved in a car accident, you may think that because the car wreck wasn’t your fault, you don’t need a lawyer. The reality is, even if you did not cause the car accident, it may be a good idea to seek legal representation to prove that you do not share in the fault.
While you never have to get a car accident attorney, securing representation early on can be beneficial in the claim filing process as well as bringing forth any lawsuits against the negligent party. This allows you to be a step ahead of the negligent party.
The car accident lawyers of Munley Law Personal Injury Attorneys explain why you should get a lawyer for a car accident that wasn’t your fault.
