Who Pays for an Ohio Personal Injury Attorney?February 28, 2017
Financial concerns are common after you or a loved one suffer a personal injury. Things like car accidents and medical errors can cause thousands of dollars in healthcare costs, periods of unemployment, and expensive property damage. In these difficult times, the last thing an injured person and their family should have to worry about it the cost of hiring an Ohio personal injury attorney.
At the law firm of Lowe Scott Fisher Co., LPA, our team of trial lawyers believe that you should not have to pay if you cannot settle or win your dispute.
Who Pays for a Personal Injury Lawyer?
At Lowe Scott Fisher Co., LPA, personal injury clients are represented on a contingent fee basis. Whether you have suffered as the result of a negligent driver, careless doctor, dangerous product, or any other type of negligence, a contingency fee arrangement allows you the freedom to pursue your claim without having to pay expensive attorneys’ fees in advance.
How Does a Contingency Fee Agreement Work?
Under acontingency fee arrangement, an injured person neither pays a fixed amount for an attorney’s services nor covers the out-of-pocket expenses of pursuing a claim. Instead, a lawyer working on contingency covers the cost of pursuing a claim.
If the attorney successfully recovers damages on the client’s behalf, the attorney is then reimbursed for costs and is paid a percentage of the settlement or judgment amount. In a typical arrangement, clients should expect attorneys to take a slightly greater percentage of a settlement or judgment if a case must be filed in the court system.
Are All Contingency Fee Arrangements the Same?
No. Contingency fee agreements are typically similar, but because they are contracts they do vary. Prior to retaining counsel, an individual should be sure to understand the specifics of an attorney’s contingency fee agreement.
Remember: you are not required to sign an agreement simply because you have asked for a consultation. Be certain that your attorney is the right counsel for you.
Why Is a Contingency Fee Agreement Desirable?
The vast majority of personal injury claims are handled by attorneys working on a contingency basis. Contingency fee agreements allow those without substantial cash reserves to still have access to legal representation on personal injury matters.
Because the cost of litigating a personal injury case can cost up to and including seven figures, without contingency fee agreements many individuals suffering due to a personal injury would not be able to pursue legal action. By allowing attorneys to take on the financial risk of a potential loss, this arrangement compensates both injured victims and their attorneys appropriately.
Lowe Scott Fisher Co., LPA | Ohio Personal Injury Attorneys
For over thirty years, the attorneys of Lowe Scott Fisher Co., LPA have helped clients in Cleveland, Ohio, and across the country recover compensation for their personal injuries. If you or a loved one were injured by the negligence of another, call now for a free telephone consultation.
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