What Does Contingency Fee Mean in St. Louis Car Accident Cases?
by
Christopher Hoffmann on Aug. 03, 2023
Accident & Injury Accident & Injury Car Accident Accident & Injury Personal Injury
Summary: A contingency fee means a lawyer's payment depends on a case's successful outcome. The lawyer gets a percentage of the settlement if won, otherwise no fees are charged.
The aftermath of a car accident can be overwhelming, especially when it involves navigating legal processes to seek compensation for damages. However, hiring an attorney may feel like an additional burden, given the financial implications. In such instances, understanding the concept of a contingency fee can provide immense relief.
The Meaning of a Contingency Fee
In a nutshell, a contingency fee is an arrangement between a lawyer and a client where the lawyer's payment is dependent on the outcome of the case. The client generally does not pay upfront fees; instead, the lawyer receives a certain percentage of the client's settlement or court award. If the case is unsuccessful, the attorney receives no fees for their services. Essentially, the attorney's payment is "contingent" on the success of the case.
The beauty of a contingency fee structure is that it eliminates the need for the client to pay out of pocket, which can be a significant advantage in a stressful situation following a car accident. For those wondering how lawyers work on a contingency, the premise is simple: they shoulder the risk of the case in hopes of a favorable outcome.
The Application of Contingency Fees in St. Louis Car Accident Cases
Contingency fees are most common in cases where money is being claimed, such as personal injury or property damage lawsuits. In St. Louis, contingency fees can significantly help victims of car accidents who may not have the resources to pay a lawyer at the onset of the case.
To determine the exact percentage, the client and the attorney agree on the figure at the beginning of the case. This agreement is usually in writing and details all other costs associated with the lawsuit.
An important note: while you might not pay the lawyer's fees if the case is lost, you could still be responsible for other legal costs such as filing fees or expert witness charges. Make sure to discuss these potential costs with your attorney upfront.
The Role of a St. Louis Car Accident Lawyer in Uninsured Motorist Cases
One particularly challenging scenario is when an accident involves an uninsured motorist. Having an experienced uninsured motorist attorney is crucial in such situations to navigate the complex legal landscape and fight for rightful compensation.
Uninsured motorist attorneys are skilled in interpreting and applying the nuances of insurance policies, and can often help victims of uninsured motorists recover compensation from their own insurance companies. Furthermore, under the contingency fee structure, their services are accessible to anyone, regardless of their financial situation.
Speak With a St. Louis Car Accident Attorney
In the end, a contingency fee means that your ability to seek legal representation after a St. Louis car accident is not hindered by financial constraints. The attorneys at The Hoffmann Law Firm, L.L.C. work on a contingency basis, meaning we don't get paid unless we get you the compensation you deserve.
Whether you are trying to understand how lawyers work on a contingency basis, or need an uninsured motorist attorney in St. Louis, The Hoffmann Law Firm, L.L.C. is here to assist. Speak with a St. Louis car accident lawyer 24/7 to get the help you need. Call (314) 361-4242 for a free consultation.