Contingency Fees in a Personal Injury Case
When you are involved in an accident or suffer a personal injury because of another person’s carelessness or intentional acts, it can be devastating. In the midst of coping with what has occurred, you may be faced with insurmountable medical bills as well as the loss of property and employment. When a circumstance such as this arises having the right personal injury attorney can be the difference between attaining a meaningful amount to pay for your loss and injuries and not having the resources you require to take care of your needs. When considering hiring an attorney, you may have questions about the attorney’s fees and how they work in the personal injury case. Here is what you need to know:
After you are injured, you will need to consult with a qualified and experienced personal injury attorney who can assess your situation and provide you with guidance regarding your case. A knowledgeable personal injury attorney will be well-versed in the law and can advocate for you and your best interest. One concern that arises for most people when considering hiring a personal injury attorney is how much their attorney’s services will cost. At the Draper Law Firm, we charge a contingency fee for personal injury cases.
What is a Contingency Fee?
A contingency fee is a certain percentage of the amount recovered in a case. The Florida Supreme Court decides the percentages of contingency fees, and there are different variables which can impact the total amount. However, the standard contingency fee for personal injury cases in Florida is 33 1/3% when settlement is reached in the case. At the Draper Law Firm if we do make a recovery that is both reasonable and acceptable to you, then our fee is 33 1/3% of any recovery, plus any costs advanced by our firm during representation.
What if I do not Recover Anything in my Personal Injury Case?
If you do not receive a settlement or favorable verdict at trial, you do not owe a single dollar under our contingency fee agreement. Our firm will only be paid if we obtain compensation for you during the case. We are here to help you evaluate your case and help you determine the best actions to take to protect your interest and pursue the right path towards recovering the funds you need.