How Do Contingency Fees Work?

If you were in a car accident, you may be suffering from physical injuries, emotional stress, pain and suffering, lost wages, and property damage. If your damages are directly due to someone else’s negligence, you may have the right to receive compensation. However, many people feel hesitant to hire an attorney due to the cost of attorney’s fees. However, most personal injury attorneys will offer their legal services to you on a “contingency fee” basis. Learn more about how you can have a strong representation in your personal injury claim, without having to pay any money upfront to your attorney.   

Understanding Contingency Fees

A contingency fee is when an attorney will agree to represent you in your personal injury case and will only receive a fee for their services if you win. A contingency fee is, therefore “contingent” upon you winning your case and you receiving actual compensation. Your personal injury attorney will take a portion of the compensation you receive and take their fee from that monetary recovery. Sometimes, these attorneys are called “no win, no fee” attorneys because the only way they will be paid is if they win your case on your behalf. In these cases, it is easy to see why an attorney would work hard to help you receive compensation for your personal injury claim. 

Litigation Costs and Contingency Fee Agreements

Make sure to read your contingency fee agreement carefully, and ask questions to understand how your attorney will be compensated if, and when, you win your personal injury case. Some of the costs that you will pay along with attorney fees for your personal injury case could include the following: 

  • Filing fees and Court Fees
  • Discovery (Documents from the opposing counsel) 
  • Documents (Medical records, police reports, etc.) 
  • Expert Witnesses
  • Miscellaneous (Copying, postage, document production, etc.) 

Contact an Experienced Personal Injury Attorney Today 

If you were injured in any kind of accident due to someone else’s negligence, you may have the right to receive compensation. Contact our law firm to determine how our contingency fees work and how you can build a strong case and have strong legal representation on your side. Michael J. Redenburg, Esq., P.C. can help you understand your legal rights, and provide a  free consultation regarding your case. Contact us today at (212) 240-9465 or online.