What Are Contingency Fees? No Win No Fee Explained By Florida Personal Injury Attorney
Today's topic is contingency fees and how do you afford to pay your attorney if you have been involved in a serious accident?
So many people who contact our Florida personal injury law firm have just been involved in a serious accident, whether it's a car accident, motorcycle accident or a slip and fall accident, and they are dealing with medical and health issues, and are usually worried and concerned. So how do you afford an attorney after a serious accident or injury?
How Can I Afford to Hire an Attorney for My Accident?
One of the biggest concerns people have is, how can I afford to pay for an attorney when I have to worry about paying my next bills, healthcare expenses, rent or mortgage, etc. The answer is the Contingency Fee Agreement, so you do not pay anything up front and only pay if your attorney recovers money for you.
What Is A Contingency Fee Agreement?
You may have seen or heard advertisements where attorneys describe that they don't get paid unless you win your case, sometimes described as No Win, No Fee or You Pay Us Nothing Unless We Recover Money For You or otherwise refer to a contingency fee agreement. What they're all talking about is really the same thing, a contingency fee agreement, which means that you do not pay your attorney any fees unless they recover money for you at the conclusion of your case. It is actually really that simple.
With a traditional attorney contract, an attorney would typically get paid by the hour, and many attorneys in Florida charge hundreds of dollars per hour for their services. With an hourly rate, the client pays for all the time spent on the file, including every call, or email, and anytime the attorney or staff work on your file. The client is also billed as the case progresses. A contingency fee agreement with a Florida personal injury attorney is completely different than a traditional lawyer contract.
What Is Covered In A Florida Contingency Fee Agreement?
In our Florida personal injury law firm, you will not get any bills from us while your case is proceeding. That means you will not receive bills for phone calls, meetings, letters, or any of the time that your attorney spends on advancing your case. You never have to be concerned with getting a bill for the many hours that we work for you.
Also, our personal injury law firm will advance all of the expenses to necessary to succeed in your case. These expenses can include the cost of retrieving medical records, filing fees at the courthouse, process servers for serving documents, transcript costs, among other things. Your attorney can describe the types of expenses that will usually be necessary in claims like yours. At the end of the case, these expenses will be paid from the settlement money.
You never need to worry about how much time your attorney and their staff have spent on your case. You never have to fear that your attorney's bill is going to exceed the value of your case because your bill will be very clear. The fees to your personal injury attorney at our Florida firm are based on a percentage that you and your attorney agreed upon at the beginning when you hired your attorney. At that very first meeting or whenever you decide to hire your attorney, the percentage will be explained to you. So at the end of the case, you will only be paying attorney's fees based on the percentage that you've already agreed upon.
Contingency Fees Are Regulated in Florida
It's also important to note that in Florida, the contingency fee agreement is regulated by the state bar association. This helps to protect the client, and makes the contingency fee agreement clear and understandable.
Equal Access To Justice
With a contingency fee agreement, you don't have to worry about whether or not you can afford to hire the best Florida personal injury attorney for you. You can hire the best lawyer for you right now without having to worry about paying a retainer or fees up front.
Have Questions? Contact us today for a Free Consultation!
If you've recently been involved in a Florida accident, and you're wondering whether you should speak to an attorney, call us for a Free Consultation. Learn more about the contingency fee agreement and how we can help you. Our Florida injury law firm serves all of Florida and we are available 24/7 at 1-866-234-6093.
Andrew Iacobelli is a Florida personal injury attorney. Andrew is also licensed to practice law in the State of Michigan and the Province of Ontario and regularly represents victims in cross-border injury claims. Andrew restricts his practice to the representation of individuals that have been seriously injured.