If you've been injured due to someone else's negligence, you deserve justice and compensation. However, the thought of mounting legal fees can be daunting. At Iacobelli Law Firm, we believe everyone should have access to quality legal representation, regardless of their financial situation. That's why we often work on a contingency fee basis in personal injury cases. In this blog post, we'll break down what that means and how it can benefit you.

What is a Contingency Fee?
A contingency fee agreement is an alternative way of paying for legal services. Unlike the traditional hourly billing method, with a contingency fee, you typically don't pay any upfront costs or ongoing fees for your lawyer's time. Instead, your lawyer's fee is "contingent" upon the outcome of your case.

How Contingency Fees Work in Personal Injury Cases:
In a personal injury case with a contingency fee agreement, Iacobelli Law Firm will:

• Not require any upfront payment: You won't have to pay a retainer or any hourly fees as your case progresses.
• Cover case expenses: We will typically advance the costs associated with your case, such as filing fees, obtaining medical records, expert witness fees, and other necessary expenses.
• Collect a fee only if we win: If we successfully obtain a settlement or win a judgment in your favor, we will receive a percentage of the recovery as our fee. This percentage will be agreed upon in advance and outlined in the contingency fee agreement.
• No recovery, no fee: If, for any reason, we are unable to secure a favorable outcome in your case, you will not owe us any legal fees.

Benefits of Contingency Fees in Personal Injury Cases:

• Access to justice: Contingency fees make it possible for individuals who might not otherwise be able to afford legal representation to pursue their personal injury claims.
• Reduced financial risk: You don't have to worry about paying hourly fees or covering expenses out-of-pocket, which minimizes your financial risk.
• Aligned interests: Contingency fee agreements align the interests of the lawyer and the client. We are both invested in achieving the best possible outcome for your case.
• Focus on recovery: With the financial burden lifted, you can focus on healing and recovering from your injuries, while we handle the legal complexities of your case.

Beyond Personal Injury:
While contingency fees are most commonly associated with personal injury cases, they can also be used in other types of civil litigation, such as contract disputes or financial loss claims. At Iacobelli Law Firm, we are experienced civil litigators and can assess your case to determine if a contingency fee arrangement is appropriate.

Considering a Contingency Fee Agreement?
If you've been injured and are concerned about the cost of hiring a lawyer, consider a contingency fee agreement with Iacobelli Law Firm. We are committed to helping you get the justice and compensation you deserve.


Contact Iacobelli Law Firm Today
If you believe you have a viable personal injury claim, don't hesitate to reach out to us. We offer free, no-obligation consultations to discuss your case and explore your options. Let us help you navigate the legal process and fight for your rights.

Andrew Iacobelli is an experienced personal injury lawyer who established Iacobelli Law Firm with offices in Palm Beach County Florida. Andrew restricts his practice to the representation of personal injury victims in claims involving serious injuries, Catastrophic Injuries, and wrongful death.  Andrew is a lifetime member of the Million Dollar Advocates Forum. 
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Disclaimer: This blog post is for informational purposes only and should not be considered legal advice. Every case is unique, and the information provided here may not apply to your specific situation. Contact Iacobelli Law Firm for a consultation to discuss the details of your case.

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.  
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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.
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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.  
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