A contingency fee is an arrangement that allows an individual injured due to the negligence of another to seek compensation for those injuries without having to apply any upfront out-of-pocket money towards the cost of their case. The contingency fee agreement is a common practice in personal injury law and an excellent way for parties to recoup their expenses while not taking an undue financial risk.
The Law Offices of Jason E. Taylor is a dedicated personal injury law firm serving clients throughout the greater Charlotte, North Carolina area and beyond. Our unique approach to personal injury law allows us to deliver results for our clients without compromising our values as attorneys or their rights as individuals.
We believe in helping people who have been injured through no fault of their own get back on their feet again with compensation from those responsible for causing the accident in the first place.
Our Charlotte personal injury attorneys work on a contingency fee basis for all our clients. We know that injuries can be debilitating and costly, and we want you to have the best chance of getting compensation for your losses without worrying about your case’s financial aspects. Contact us today for a free consultation.
Personal Injury Law in Charlotte, NC
Personal injury law is a branch of law that deals with the legal repercussions of injuries caused by another person’s negligence. This usually means a car accident or slip and fall accident. However, there are other common cases. These can include:
- Dog bites
- Workplace injuries
- Bicycle accidents
- Truck accidents
- Pedestrian accidents
And more. If you have been involved in a personal injury accident, it is important to get legal advice as soon as possible. This can help you understand your rights and options moving forward.
Contingency Fee Agreements and Personal Injury Cases in Charlotte, NC
When you retain a personal injury attorney at The Law Offices of Jason E. Taylor, you will work with them on a contingency fee basis. This means that the lawyer only gets paid if they win your case or settle it for damages or compensation. You will not be required to pay any fees upfront.
If your case settles without trial, the attorney will usually take 33⅓% of the total settlement amount for their fee. Expenses are generally in addition to fees, but are normally fairly nominal in cases that do not need to be litigated. If the case does go to court, this percentage may increase to 40% and the expenses will likely increase as well due to things like depositions and mediation.
When Is the Contingency Fee Paid in a Personal Injury Claim?
The contingency fee is paid when the case settles. This can be before trial or after a jury reaches its decision in court. If you lose your claim, you do not owe the contingency fee. However, you may be responsible for other expenses related to your cases, such as filing fees and additional costs.
How Do I Know How Much My Attorney Will Take?
Your lawyer should let you know their fee upfront and explain how it is calculated. You should also sign a contract with your attorney allowing them to represent you and setting the fee agreement. After your case is settled or a verdict is reached, your lawyer should prepare a Settlement Memorandum before disbursing funds.
The Settlement Memorandum will show your total settlement at the top and itemize all deductions like the lawyer’s contingency fee, case expenses, unpaid medical bills, and liens. Your net proceeds will be listed at the bottom.
Contact an Experienced Attorney in Charlotte Today
If you’re injured in an accident, the last thing on your mind is how much money you’ll receive from your settlement. But it can be important to know how much your attorney takes in fees and expenses. Not only does this help ensure that you are compensated for the full amount of damages, but also it can prevent any disputes down the road.
If you need legal counsel, the Charlotte Personal Injury attorneys at The Law Offices of Jason E. Taylor can help. We understand how to maximize your claim and ensure you receive a fair settlement. Contact us today for a free consultation on your case.