Apr 26, 2019 - Serious Injuries by Jack Hirsch
Serious Injuries Lawyer in Phoenix, AZ If you’ve been harmed in a motor vehicle accident in Arizona due to the negligence or wrongful misconduct of another party, then you may be entitled to significant compensation under the law. Litigation can be an overwhelming prospect for first-time plaintiffs, however. As you begin to explore your options for litigating a motor vehicle accident claim, or any other personal injury claim, you may be somewhat confused by “contingency fees” and what it means for your case. First-time plaintiffs are often unfamiliar with the contingency fee dynamic. Not to worry! Let’s explore the basics to clarify the essential elements of a contingency fee arrangement. What is a Contingency Fee? Typically, plaintiff’s-side personal injury litigators are paid on contingency, not through an hourly or flat fee. Contingency fees are rather straightforward — the litigator does not get paid unless they help you secure compensation, whether through a negotiated settlement or a favorable case verdict. So, for example, if you take your case to trial and “lose” the case, failing to secure any compensation, then you will owe nothing to the litigator. On the other hand, if you do secure compensation, then you will owe the litigator a percentage of the overall recovery. Contingency Fees Create Favorable Dynamics for Plaintiffs Contingency fees are positive for most plaintiffs, and for a number of reasons. First off, most plaintiffs do not have the funds (or willingness) to sustain long-term litigation against a defendant when the result is uncertain. […]