If I Hire A Personal Injury Lawyer Do I Have to Pay Out of Pocket?
Most personal injury lawyers, and this one is no exception, handle cases on what is called a contingency fee contract. Distilled to its most basic, this is often billed as: As Attorney Eric T. Kirk will tell you.
NO COSTS UNLESS WE WIN
It is probably more accurate to refer to it as a no cost and no fee unless we win arrangement. In other words, unless the personal injury lawyer gets a settlement or a favorable verdict for the injured person, that individual will owe the lawyer nothing. The lawyer in these arrangements is taking no small risk. It is not an uncommon complaint that retaining 1/3 of the amount received is too large a portion of the recovery. But consider the entire arrangement. The lawyer is advancing all the costs of the claim out of his or her pocket. If the case is litigated, the costs associated with litigation, including the fees charged by experts, can be substantial.
Many injury victims may lack the resources to front these types of expenditures. Moreover, the lawyer working under a contingency fee arrangement is agreeing to work for free, at least up until the time the case is decided. If it’s a favorable outcome, then the lawyer will get his or her earned fee. If it’s not a favorable outcome, then that lawyer has indeed worked for free. This no-risk notion is perhaps the most frequently overlooked component of this type of fee arrangement. The lawyer agrees to work for the client at no cost to the client. If the case is unsuccessful,for whatever reason, then the client has paid nothing. Both the advancement of litigation costs and a lawyer assuming the risk of no recovery are substantial benefits to the victim of a car accident or other forms of negligence.
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- Baltimore Personal Injury Trial Lawyer Eric T. Kirk
- Legal Analysis & Case Studies
- Baltimore Insurance Claims Denial Lawyer
For over three decades, I have battled against the nation’s largest insurance companies, always endeavoring to ensure my clients receive the compensation they deserve. As lead counsel in thousands of cases across Maryland, New York, and Florida, I have recovered millions for clients whose claims were wrongfully denied and delayed. Whether denying fair compensation for a personal injury victim or denying benefits to a homeowner, Insurance companies employ policy exclusions, technicalities, and lowball offers to deny and defeat claims. They also hire very good lawyers to fight you in court. So should you. When an insurance company unfairly rejects a claim, I stop them.
