How Contingency Fees in Personal Injury Cases Work in Rock Hill SC

How Contingency Fees Work in Rock Hill Personal Injury Cases

Like most people, dealing with a severe accident can seem daunting. As if dealing with the injuries or property damage weren’t scary enough, you might also worry about how you’ll pay for your mounting medical bills.

If you are considering pursuing a case against the responsible party, paying for legal services may stress you further. After all, these expenses can quickly add up to tens of thousands of dollars. And if you don’t have insurance coverage, paying for everything on your own can seem impossible.

Our attorneys work on a contingency basis, meaning you don’t have to worry about paying for the legal services upfront. The attorney takes on your case and works hard to get you compensation. They receive a percentage of the money awarded in your case.

If you decide to hire a lawyer, contact the Rock Hill Personal Injury lawyers at The Law Offices of Jason E. Taylor. Our lawyers will help you navigate your case. Your lawyer will also provide advice on how to handle your situation. Contact us today for a free case review.

How Much is a Contingency Fee?

Contingency fees are a flat percentage of the total amount of money awarded in your case. This means you will not have to worry about paying out-of-pocket legal fees until your case has been settled or resolved. In return, your attorney works hard to get you the best possible outcome and does not receive compensation until this happens.

The amount of a contingency fee will depend on several factors. However, most lawyers will charge a 1/3 (or 33⅓%) contingency fee if the case is settled before filing a lawsuit. This contingency fee usually increases to 40% once a lawsuit has been filed. 

When is the Contingency Fee Paid?

Your contingency fee is paid once your case settles or receives a verdict. Most contingency fee cases are settled outside of court. Your Rock Hill attorney will negotiate with an insurance company or defendant to reach an acceptable settlement for both parties. Once this agreement has been reached and signed, your attorney will deduct their fee from the settlement or verdict. They will also deduct case expenses, unpaid medical bills, and liens.

You will be able to see a detailed breakdown of these costs at the end of your case. Your lawyer should prepare a Settlement Memorandum before you receive your funds. The Settlement Memorandum shows the total settlement amount at the top and should itemize all deductions. Your net payment will be listed at the bottom of the Settlement Memorandum. You will be able to see a detailed breakdown of these costs at the end of your case.

Personal Injury Claims in Rock Hill, SC

You may be eligible for a personal injury claim if you are injured because of someone else’s negligence. In South Carolina, personal injury cases fall under the jurisdiction of the laws regarding tort claims.

If they were not negligent (e.g., their actions did not directly cause your accident), they would not be liable for your injuries and related costs (including medical bills and lost wages).

Damages You Can Recover in a Rock Hill Personal Injury Case

In a personal injury case, you may be able to recover compensation for medical bills, lost wages, and pain and suffering. The compensation you receive will depend on how severe your injuries are and how much money they cost to treat.

For example, if you were driving down I-77 in Rock Hill, South Carolina, during your morning commute to work, were rear-ended by a negligent driver, broke your leg, and had surgery to fix it, then the bills from that surgery would be part of your claim.

You may also be able to recover compensation for the time you spent recovering from your injury (e.g., if you had to stay home from work and miss time with your family).

Contact a Rock Hill Personal Injury Lawyer at The Law Offices of Jason E. Taylor

Our personal injury lawyers in Rock Hill, South Carolina, know how difficult it is to recover from an accident that was not your fault. If you were injured by another person’s negligence and are looking for an experienced attorney to help you get the compensation you deserve, contact us today for a free case review.

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