Although you might have always thought that attorneys preferred to be paid up front, this is not always the case. As you might have found out since you have been shopping around for a personal injury lawyer, a lot of these attorneys prefer to be paid on a contingency basis, which means that you pay them a percentage of your settlement after your case has been handled. If you do not win anything in the case, you do not have to pay the lawyer anything. This might not seem too fair for the attorney, but there are a few reasons why personal injury lawyers prefer to work this way. These are some of the main reasons.
1. They Can Take on More Cases
First of all, you should know that a lot of people do not have the money to pay a lawyer up front. This is especially true for someone who is potentially out of work because of an injury and who might be battling a lot of medical bills. If lawyers only had to rely on potential clients who could afford to hire them, there would be a lot of cases that did not get heard. This would be bad for both lawyers and those who are dealing with injuries.
2. It Provides Peace of Mind for Clients
A lot of clients worry about paying large amounts out to their attorneys. Some worry that their lawyers aren't doing everything for them and their cases that they can. This is less of a concern when a lawyer is getting paid on a contingency basis. Clients know that if the case does not go well, they aren't out anything. Plus, they know that their attorney will probably be working harder for them, which can provide peace of mind.
3. It Can Pay More
It's true that personal injury lawyers can get paid more by working on a contingency basis, especially if they are able to secure a large settlement for their clients. This might sound like it's only good for the lawyers, but it's actually good for you as well. If your attorney is hungry for a bigger payout, he or she will be securing you a bigger payout at the same time.
As you can see, there are a few reasons why lawyers often prefer contingency fees over one-time fees for personal injury cases. The good news is that these benefits can be good for you, too.
For more information, talk to some lawyers, such as the Terrence Salerno Law Office, about their contingency fee policies and what they can do for their clients.Share