It is very common for potential clients who have been injured in accidents to question personal injury attorneys about how they are paid and whether or not their fees make financial sense. In most cases, personal injury attorneys are paid on a contingency basis – the fee is only paid if the attorney gets a settlement or a verdict.
Contingency fee arrangements work well for most clients because most people are unable to pay several hundred dollars per hour to an attorney, as well as pay a retainer, for a case that may or may not be successful. Therefore, accident victims are normally willing to let the attorney take the risk of whether or not the case will be successful. In addition, a contingency fee motivates the attorney to work harder on an accident victim’s case – the harder he or she works, the larger the fee may be.
In addition, many law firms advance the costs that are incurred during the case, and ultimately the costs are recoverable from the client’s award. Costs can include expert witness fees, travel expenses, fees for accident reconstruction, and more. Most clients are unable to front the money for these expenses, and the attorney can help.
Studies have shown that accident victims who have personal injury attorneys on average recover more than those who do not have an attorney, even after the fees are subtracted. However, one thing to keep in mind is that not every accident victim needs a personal injury attorney. Some cases involve damages that are relatively very small, and involve no injuries, and the insurance company pays the damages.
If you have been involved in an accident and you are unclear whether or not you need to hire a personal injury attorney, call the Houston personal injury attorneys at Kennedy Hodges at 855-947-0707 to learn more. You can also visit us on LinkedIn.