How do Contingency Fees Work in your Miami Accident Case?

How do Contingency Fees Work in your Miami Accident Case?

by | May 23, 2019 | 0 comments

t’s fairly standard that an attorney will work on a contingency fee basis when it comes to a personal injury claim. But what does this mean?

 

A contingency fee means that injured victims do not have to pay a lawyer unless a case settles or there is a jury verdict in the client’s favor. This means if you were involved in any type of accident due to the negligence of someone else, you do not have to pay any money in advance of a final decision – there are no hourly rates.

 

At Weinstein & Cohen, our attorneys understand that injured victims and their families first priority is getting well. Far too often, injuries mean you or a loved one can’t work and thus earn an income. A contingency fee structure allows you to assert your rights as an accident victim without worrying about affording the corresponding legal fees.

 

The Florida Highway Safety and Motor Vehicles Department reported that in 2018, there were 401,069 motor vehicle accidents across the state. In many of these cases, the victims hired a lawyer to represent them, but there are a few standard things all injury victims should understand as it pertains to contingency fees.

 

  • The contingency fee must be put in writing, so all parties are clear as to what happens when damages are ultimately paid.
  • The percentage a Miami accident lawyer or Naples personal injury attorney earns may vary based on the type of claim and when the case resolves.  In general, most contingency fee cases are based on a 1/3 standard percentage if a claim resolves before a lawsuit is filed.
  • There is no fee if there is no recovery obtained.

 

If you or someone you care about has been injured or involved in an accident across South Florida or Southwest Florida, contact the accident attorneys and personal injury lawyers at Weinstein & Cohen at 239-793-3331 or 305-374-1011, or visit fairnessforall, for an absolutely free and confidential legal consultation to learn more about your options.

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