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What Is a Contingency Fee
A contingency fee agreement allows clients to pay their lawyer only if they win their case. Instead of billing hourly, attorneys work on a percentage basis— ranging from 33 to 45 percent of the final settlement or judgment amount.
The Benefits of Contingency Fees
- Access to Justice: These fees provide access to a lawyer for individuals who might not have the financial ability to retain an attorney. In addition, it is helpful for those suffering a personal injury and facing mounting medical debt and an inability to work.
- Risk Sharing: The risk of losing a case does not fall solely on the client when a contingency fee agreement exists. If the case is unsuccessful, the client typically owes nothing to the attorney, alleviating the financial pressure often associated with litigation. The lawyer, on the other hand, puts time and effort into the case without being paid.
Things to Consider
While contingency fees offer numerous advantages, clients should consider several factors before agreeing to this payment structure. First, it’s crucial to understand the percentage the attorney will take from the settlement. Clients should also inquire about additional costs that may arise during the legal proceedings, such as court fees or expert witness expenses. Clarifying what costs are covered under the contingency agreement can help avoid surprises later.
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Selecting the Right Attorney
Choosing the right personal injury attorney is crucial when entering into a contingency fee agreement. Clients should research to find a reputable law firm with experience handling similar cases. Personal referrals, online reviews, and state bar association directories can be valuable resources during this process.
Additionally, potential clients should take advantage of initial consultations, which many law firms offer free. These meetings provide an opportunity to discuss the case’s specifics, evaluate the attorney’s experience and approach, and clarify the terms of the contingency fee arrangement.
A Powerful Tool
Contingency fees are a powerful tool in making the legal system accessible to those most in need. Trust Guss wants to empower clients to seek justice without the financial stress associated with traditional billing.
Ultimately, a successful relationship between a lawyer and their client is built on trust, communication, and a shared commitment to achieving the best possible outcome. By selecting a seasoned attorney and understanding the terms of the contingency agreement, clients can address the complexities of their legal journey with confidence.
Trust Guss to Care
If another’s negligence injures you, turn to Houston contingency fee attorney, Trust Guss. Our lawyers have the experience, diligence and compassion to pursue your case while keeping you informed and comfortable.
A contingency fee structure can benefit clients who may not have the financial means to pay for legal services upfront. It allows them access to justice without worrying about the burden of costly legal fees.
At Trust Guss, we understand it. We believe in open communication and building trust with our clients, ensuring their needs are always heard and understood. Call us at (281) 317-0883 to schedule a free case review. You can also reach out to us online. You are our main concern.
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