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What are Contingency Fees and how do They Work?

Personal Injury Lawyer Contingency Fees in Rockville and How They Work

personal injury lawyers MarylandMany people who think they may need a personal injury lawyer Rockville, MD personal injury victims and their families can rely on, are worried about the costs involved in retaining a lawyer.

One of the biggest question marks for someone pursuing a personal injury claim is the cost for an attorney’s services. In fact, it is not at all uncommon for someone to bypass the process altogether for fear of it costing too much. By doing so, victims put themselves at risk of not obtaining the settlement that they may be entitled to. In most cases, attorneys make it fairly easy to consult for the first time free of charge, and accept a contingency fee in lieu of payment up front.  

A personal injury lawyer in Rockville, MD who understands the rights of their potential client may ask for money up front but many of the excellent Rockville personal injury lawyers do not.

The First Consultation

Contacting an attorney for an initial consultation is one of the very first steps you can take in pursuing a personal injury lawsuit. There are a few reasons for this meeting to occur:

  1. You will want to make sure that the attorney is a good match for you.
  2. It gives an attorney the opportunity to review the details of your claim prior to taking on your case.

It is not at all uncommon for a personal injury attorney to offer free consultations to prospective clients. By offering a free consultation, an attorney can draw more people through the door who may never speak with an attorney for fear of the cost.

It’s important to be prepared for the consultation with all relevant records to your case. The attorney will take the time to review the information and determine the best way to move forward.

Because a number of attorneys work on a contingency basis, they are not likely to take on a case that they do not believe they can win. The last thing a personal injury lawyer helping people in Rockville, MD wants is to spend their time and resources working on a case that is likely not to have a successful outcome.

Contingency Fees

Although the services of an attorney will cost you, paying your attorney on a contingency basis allows victims to obtain attorneys risk free. It can be daunting to consider paying an attorney out of pocket before damages are even awarded. When you agree to a contingency fee method of payment, you agree to pay your attorney after the settlement has been awarded. The following are a few key details surrounding contingency fees that a personal injury lawyer in Rockville, MD might put forth to a potential client:

  • Usually a contingency fee ranges from 30-40% of the total settlement.
  • It’s important to note that it is possible to negotiate a different number with an attorney.
  • The contingency fee amount is usually dependent upon where you are at in your case.
  • The longer your case drags out, the more expensive your attorney will be.
  • In addition to their contingency fee, an attorney will also charge you for any expenses they incurred while working on your case.

To learn more about contingency fees and how they work, contact a Rockville, MD personal injury lawyer. He or she should be able to clearly outline the costs for their services.

Representing Yourself

Obtaining an attorney who can fight for your rights can be costly. As a result, many choose not to utilize an attorney when negotiating a settlement with an insurance company or during a trail. Although there is cost associated with an attorney, their services provide you with knowledge and insight into the court system. They also can play a vital role in negotiations with involved parties regarding your settlement.

Representing yourself can be risky. In most cases, with the representation of a personal injury lawyer from Rockville, MD, you are far more likely to obtain a settlement in your favor than if you were to represent yourself.

A personal injury can have a lasting impact that reaches far beyond the physical. It can have consequences that take a toll on a person’s financial and emotional well-being. An attorney with experience in personal injury law will be helpful when determining whether you have a strong enough case to collect damages.

For a fair and honest personal injury lawyer Rockville, MD personal injury victims and their families can rely on, contact Cohen & Cohen, P.C. for a free case consultation and evaluation, with no obligations.

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