A contingency fee is a legal fee structure used by many attorneys in the area of personal injury and workers’ compensation law. When an attorney charges a contingency fee, they are agreeing to work on the client’s case and only take payment if they attain a settlement for their client. In this article, we are going to talk about the different types of fees a lawyer may change – in particular the contingency fee model.
Lawyer Fees
Different lawyers charge different fees. There is a wide range in terms of overall fee costs among attorneys. A solo practitioner right out of law school will likely be a lot cheaper than an established attorney with 30 years of practice at a big law firm.
In addition, there are different fee structures that attorneys may charge. These can be broken down into three general categories:
1. Up-front Fees – These fees are paid up front to the attorney to retain their services for a case.
2. Hourly Fees – These fees are charged by the hour, with the hourly amount set by the attorney.
3. Contingency Fees – These fees are paid contingent on the result of a particular case.
Contingency Legal Fees
Contingency fees are most common in the areas of work comp and personal injury law. Injury cases often result in large settlements or payouts from insurance companies and employers. Many injury attorneys will forgo payment at the start of the case, and take a percentage of the client’s settlement as payment for work on the case. If the attorney fails to achieve a settlement for their client, they don’t get paid – which is a strong motivator for the lawyer to do their best possible work on your case. This contingency fee system is ideal for many injured workers who may not have the funds to pay an attorney up front for their work.
Get Help After Your Injury
If you have been injured on the job or on the road in Minnesota, pick up the phone and call 844-Hey-Workers today to get the help you need. Dealing with a work injury can cause a lot of undue stress, frustration, and pain. You should focus on recovering your health and getting back to work. Leave everything else to us! When you call Hey Workers, we’ll connect you with injury doctors and attorneys near you who can help you through all the aspects of your recovery and work comp claim. It costs you nothing to call so pick up the phone and speak to a Hey Workers team member today!
