Contact Us for a Free Consultation 1-844-999-5342

Blog

Why Personal Injury Lawyers Take Their Cases on A Contingency Fee Basis

Posted by Robert Walch | Feb 01, 2019 | 0 Comments

Shutterstock 61675666
Personal Injury Contingency Fee Structure

How much does a Los Angeles personal injury lawyer cost? And is it worth it? Those are two outstanding questions in your head as you are trying to figure out how best to handle whatever type of personal injury or wrongful death you are currently dealing with. One thing you are probably reading over and over again in your search for the best Los Angeles personal injury lawyer is this: contingency fee basis. Like a lot of Southern California personal injury and wrongful death law firms, we take all our cases on a contingency fee basis because it is a payment structure that most benefits everyone.

What Is A Contingency Fee?

There are a lot of different payment structures when it comes to dealing with lawyers and if you have worked with a law firm for a non-personal injury matter before then you are probably used to a more traditional one in which you are billed monthly by the hour or at the resolution of your case. Contingency fees are different. Simply put, a contingency fee means that you and your personal injury lawyer agree to a % of your total financial recovery rather than an exact amount. For instance, we usually charge our Calabasas dog bite clients 33% of their total recovery so if we get them $100,000 then we are paid $33,000 and if  we get them $50,000 then we are paid $15,000. There are a lot of benefits to a contingency fee arrangement, including:

  • No upfront attorneys fees: We don't get paid until you get paid and that is an incredibly helpful way to arrange things given that most people are in pretty tight financial circumstances following a death or an injury. A contingency fee set up takes the financial worry of your legal bill off your mind completely because you only pay us when the money is there.
  • Incentives attorneys: With a percentage of the total settlement amount as the payment, law firms are highly motivated to make sure they maximize your recovery because in doing so it also maximizes what they get paid too. The higher dollar amount they get for your accident, the more everyone gets paid.
  • You still get paid more: On a related note, many individuals are curious about how much a personal injury lawyer costs because they want to know if they are better accepting an existing settlement offer or trying to handle their case on their own. 99% of the time you will still take home significantly more money hiring us than you would doing either of those other options. Quick settlement offers from insurance companies or individuals are usually extremely low and an attempt to catch you before you have an attorney review your case and tell you how much it is really worth. In those rare instances in which the offer is legit, we tell potential clients to take it and not hire us and if you are in that scenario it is worth your time to let us review the offer and give you our honest assessment free of charge of obligation. 

When your personal injury case is settled (whether via a settlement or trial), the check is sent to your lawyers who take out their agreed upon fee and then send you a large check. At Walch Law, we are very upfront about our contingency fee and how hard we work for it. It is our goal to maximize your personal injury settlement amount and to do it as quickly as possible. Dealing with a personal injury on any level is a stressful time and with our easy contingency fee structure along with our aggressive approach to handling your case, we hope to give you the closure you need to put your accident behind you and move forward. We handle serious personal injury and wrongful death cases from Riverside to Woodland Hills to Sacramento so do not hesitate to give us a call today and set up your free consultation. We look forward to hearing from you. 

About the Author

Robert Walch

Partner Robert Walch is passionate about helping individuals and families that are dealing with the aftermath of a serious personal injury or wrongful death accident. Robert has been working at Walch Law since 2000 and has developed a reputation as a caring and compassionate attorney that keeps his clients in the loop on the progress of their case and works hard to get the best results possible. Robert is a huge reason why the Walch Law Firm has a success rate of over 95% on their serious personal injury and wrongful death cases.

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

We are here to help. Get in touch with us today to begin your financial recovery.

Menu