Tag: personal injury cases

How Contingency Fees Work in Personal Injury Cases

How Contingency Fees Work in Personal Injury Cases

One of the first questions that many personal injury victims ask their attorneys is, “How much will you charge for your services?” Personal injury attorneys work on a contingency fee basis, which means they will not charge you the same way that other types of attorneys would. Before seeking legal representation, it’s important for you to understand how contingency fees work in personal injury cases.

Attorneys who work on a contingency fee basis are only paid for their services if they are able to recover compensation on behalf of their client. In the event that the attorney is able to recover compensation for his client, he will be entitled to a percentage of the amount recovered. The percentage that your personal injury attorney takes will vary slightly, but it is typically between 33-40%. For instance, let’s say you agree to give your personal injury attorney 33% of whatever compensation he recovers on your behalf. If your personal injury attorney helps you win $100,000 in a settlement, he will be take $33,000.

Who will have to pay the attorney if he is unable to recover compensation? No one. In a contingency fee arrangement, the attorney is not paid for his legal services if he is unable to win compensation for his client.

Personal injury attorneys often pay for medical records, police reports, expert witnesses, and filing fees upfront. If your personal injury attorney agrees to cover these costs, it’s important to understand that you will need to reimburse him if you recover compensation.

Take another look at the example mentioned above. Let’s say your attorney ended up paying a total of $5,000 for expert witnesses, police reports, and medical records to support your case. This means the attorney would be awarded 33% of the settlement, which is $33,000, plus an additional $5,000 from your portion of the settlement to reimburse him for the expenses.

Personal injury attorneys choose to work on a contingency fee basis so their services are available to all victims, not just those who can afford an attorney. This ensures that all personal injury victims, regardless of their financial standing, can seek justice against the negligent parties that have caused them harm.

If you have been injured because of the negligent acts of another person, seek legal representation from the personal injury attorneys at Reisch Law Firm right away. We will stop at nothing to help our clients recover the compensation that they deserve for their injuries. Schedule a free consultation today by calling 303-291-0555 or filling out this online form.

Common Myths About Personal Injury Cases

Common Myths About Personal Injury Cases

If you’ve been injured in an accident, you may begin to research personal injury claims online to learn more about how to file and why you should file. But, don’t believe everything that you read. There are a lot of myths about personal injury cases circulating on the Internet that may mislead you. Learn the truth behind these common myths:

Myth: Compensation is guaranteed.

If you have been injured by another person’s negligence, you may be entitled to compensation for medical expenses, pain and suffering, and lost wages. But, compensation is never guaranteed in any personal injury case. This is one of the reasons why you should work with an experienced personal injury attorney with a history of successfully reaching settlements and winning verdicts for his clients.

Myth: Your case will take years to complete.

A number of factors can influence how long a personal injury case will take, so it’s difficult to predict how long you will have to wait for your case to be resolved. But, it’s a misconception that most personal injury cases take years to complete. In fact, it’s estimated that about 90-95% of personal injury cases are resolved in pre-trial settlement negotiations. These cases can typically be resolved in about eight months to a year, depending on the complexity of the claim and severity of injuries.

Myth: Most personal injury claims are fraudulent.

Insurance companies want you to believe that people often file fraudulent personal injury cases, but that’s simply not the case. A personal injury attorney will not take a case unless he believes the plaintiff was genuinely injured and the defendant’s negligence was to blame. Because most personal injury attorneys work on a contingency fee basis, meaning they don’t get compensated unless they win the case, it would be far too risky to work with someone who is lying about their injuries to scam the insurance company.

Myth: The at-fault party’s insurance company will pay for your medical bills as you incur them.

It’s true that the at-fault party’s insurance company may end up paying for any medical expenses you have incurred as a result of your injuries. However, the insurance company will not pay these expenses as they are incurred. Instead, they will pay you once you have reached a settlement or winning verdict in your case. That means that you will be responsible for paying for your medical bills until your personal injury case has been resolved.

Now that you know the truth behind these common personal injury myths, are you ready to file a claim? If so, contact Reisch Law Firm today to learn how you can recover compensation for your injuries. Call 303-291-0555 or fill out this online form to schedule a free consultation with our law office.