Contingency Fee Attorneys – No Win, No Fee Lawyer
What is a Contingency Fee?
Contingency fees are an attorney fee system used in personal injury cases where money damages. When using a law firm that works on a contingency fee basis, the attorney agrees to be paid a percentage of the overall recovery and receive nothing if no recovery is made. The agreement may also contain an agreement front expenses of bringing the claim and an agreement to waive those if the case is not won. Lawyers who work under these agreements are sometimes referred to contingency fee attorneys or “no win no fee lawyers.”
Simmons and Fletcher, P.C. handle cases on a true contingency fee arrangement where we front the expenses of bringing the claim and charge you pay none of those expenses nor any attorney fee unless we make a recovery for you. Because the cost of pursuing a trial can be expensive, especially when combined with the cost of recovery, contingency fee agreements seek to alleviate the monetary strain personal injury victims face. Contingency fee agreements are only permissible in civil court. Under no circumstances are contingency fees allowed in criminal cases.
How do Contingency Fees work?
There are many different ways a contingency fee can be set up. The predetermined percentage typically fluctuates depending upon how far into the legal process the case ultimately goes. In Texas, it is common to be 33.33% or 1/3 if the case settles prior to filing a lawsuit, 40% if the case settles after litigation starts or goes to a final judgment but does not go up on appeal and 45% if the case must be appealed.
Remember, the attorneys fee is paid in addition to any case expenses the attorney incurs. Usually, you do not have to pay any case expenses until the claim is settled or judgment recovered. This should be clarified with your attorney–whether he will front the expenses and whether they will still be owed if no recovery is made. Your contingency fee attorney should provide you with an accounting of all costs at the end of the case or during the case upon request. At Simmons and Fletcher, P.C., we front the investigation and litigation expenses so that you do not have to come out of pocket and, if we do not make a recovery, you do not have to pay back the expenses we incurr either.
Why Use a Contingency Fee Attorney for a Personal Injury Claim?
Contingency fee agreements provide an opportunity for personal injury victims–who might otherwise not be able to afford access to justice–to properly seek legal recourse and get the compensation they deserve. The cost of litigating a personal injury claim can add up quickly. With investigation fees, deposition costs and more, contingency fee attorneys front a majority of these costs and collect their payment after a recovery is made. This gives individuals who normally would not have the necessary financial resources the opportunity to receive the legal representation they deserve.
Other benefits that come from choosing an attorney that works on a contingency fee basis is the clear and defined correlation between the client’s goals and the attorney’s goals. Because the attorney fees are contingent on the outcome of the plaintiffs claim, the plaintiff’s attorney is incentivised to work quickly and effectively to resolve the case at hand.
No Win No Fee Attorneys in Houston
At Simmons and Fletcher, P.C. we are contingency fee lawyers. At the most basic level, this means our consultations are free. If we take on a case, we will front all investigation and litigation costs so you can focus on your personal injury claim. Any and all attorney fees and investigation and litigation expenses will be waived if we do not make a monetary recovery during your case. No win, no fee. It is as simple as that.
Working on a contingency fee basis gives our attorneys the motivation and time to focus on the best way to effectively advocate for our clients. Call us today to learn more about how we serve personal injury victims or to schedule a free consultation: 713-832-0777.