What Do Contingency Fees Refer To For Atlanta’s Personal Injury Victims

July 17, 2017 | General Tips

What Do Contingency Fees Refer To For Atlanta's Personal Injury Victims | Fast HelpIf you are involved in an accident and need to seek compensation for your damages, the last thing you need to worry about is being able to afford an Atlanta personal injury attorney.

If you don’t have enough money to afford an attorney following an accident, what are you supposed to do? Call our Atlanta accident helpline to learn more about your options following an accident.

Contingency Fees and Personal Injury Attorneys

Contingency frees serve as agreements between you and your Atlanta personal injury attorney where payment is only required if the court rules in your favor.

How Contingency Fees Are Structured

If you are hurt by another party and need to file a lawsuit to cover your medical costs, missed time at work, or other damages you’ve sustained – you can work with one of Fast Help’s attorneys based on a contingency fee. This means that you will not have to pay any legal fees until your attorney wins your case, and, at this time, they will take a percentage of the total compensation you’ve been granted.

Reaching An Agreement and Establishing Percentage Fees

If you enter a deal with your injury attorney that sees them working based on a contingency fee, they will draft a fee agreement. An agreement fee is a contract that outlines the terms of the contingency fee.

In this contract, particular details will be stated in writing such as that your attorney is entitled to a percentage of any winnings you are awarded by the court. Although each agreement is unique, most contingency fees are between 15 and 30 percent.

This means that if you settle or are awarded $100,000 for your damages, you would pay your personal injury attorney $15,000 to $30,000, while the remainder would go to you. It’s important to understand that there may be additional expenses associated with your case, even if you follow through with a fee agreement.

When speaking with an attorney, make sure to discuss this information with them and to obtain as much information as possible. Try to be clear about your needs and the terms of the agreement that you are comfortable with. Understanding how much your attorney will be owed should you win your personal injury case will allow you to make an educated decision over whether you’d like to move forward with your lawsuit.

Call Fast Help To Speak With A Personal Injury Attorney

When you are involved in an accident, the best thing you can do is to speak with an experienced personal injury attorney as soon as possible. Call Fast Help at  (404) 592-0318 to be connected to one of our prominent attorneys or to speak with one of our Atlanta personal injury doctors about any physical trauma you may have sustained.

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