If you’ve been seriously injured in an accident in Laredo, you are likely already dealing with a significant financial burden from medical care, property repairs, and lost wages. The last thing you may want to do is spend money on a Laredo car accident lawyer. Most personal injury attorneys in Laredo solve this problem by operating on a contingency fee basis, meaning you won’t pay your lawyer out of pocket for his or her services, win or lose.
What Does “Contingency Fee Basis” Mean?
When a Laredo personal injury attorney says that he or she operates on a contingency fee basis, this means that a client having to pay is contingent, or dependent, upon the lawyer winning the case. If the personal injury claim does not successfully result in a financial award for the victim, the personal injury lawyer will not charge the client anything for legal services rendered during the case.
With a contingency fee arrangement, there is no upfront cost to hire a personal injury lawyer. Instead, fees are only charged after the successful settlement or verdict, and only if there is one. If the case is successful, the attorney’s fee will be calculated as a predetermined percentage of the total amount won for the client. Typically, this percentage ranges from 30 to 40 percent, with the average being about 33 percent.
The Benefits of Hiring a Personal Injury Lawyer on a Contingency Fee Basis
While the most obvious benefit of a contingency fee arrangement is that the injured victim never has to pay out of pocket for high-quality legal representation, this is not the only advantage. It also incentivizes the personal injury lawyer to achieve the best possible results for his or her clients, since the attorney’s payout is reliant upon the outcome he or she achieves.
For this reason, the client can trust that the attorney will fight for maximum financial compensation rather than accepting a fast settlement that undervalues the claim. Furthermore, the client avoids any financial risk associated with bringing the claim or lawsuit – providing optimal peace of mind during a difficult time.
Other Costs Associated With a Personal Injury Claim in Texas
While contingency fees can save you money on an attorney, your personal injury case can involve other expenses that you may have to cover, depending on the arrangement you have with your lawyer and the circumstances of your case. Be sure to ask about these for total cost transparency during your claim. Examples include:
- Expert witnesses
- Court filing fees
- Document collection costs
- Travel expenses
The specific expenses associated with your Laredo truck accident claim will depend on the situation, such as whether you reach a settlement with an insurance company or your case goes to court. Hiring the right lawyer can help you keep the legal process as efficient and cost-effective as possible.
How Much Is a Case Consultation With a Personal Injury Lawyer in Laredo?
At Gonzalez Druker Law Firm, all initial consultations with potential clients are free. You can speak to an experienced personal injury lawyer about a recent accident in Laredo and receive personalized legal advice at no charge or obligation to hire our law firm.
Our goal is always to educate and inform clients about their legal rights and options so that they can move forward with confidence. To discuss how our lawyers can help you – including details about our contingency fee payment structure – contact us today.