What Are Car Accident Attorney Fees in Florida?
Hiring a Florida car accident attorney is a Catch-22 for many injured car accident victims. They need a lawyer to guide them through their situation, but at the same time, they may not be in a position to handle the costs of hiring an attorney.
Have you ever seen ads online or on TV with a confident lawyer promising that when they take on your case, they do not get paid unless they win your case? Naturally, these ads may seem too good to be true, especially because the lawyer is saying that you do not have to pay them if they do not win your case.
Fortunately for you, those ads you see are the real deal. The car accident attorney fees in Florida of trustworthy and reputable law firms are actually based on contingency fee arrangements. Here’s how it works.
How Does a Contingency Fee Arrangement Work?
A contingent fee or contingency fee will only be paid if there’s a favorable outcome. In the context of a car accident case, this fee will only be paid if your lawyer secures a favorable settlement or wins a lawsuit on your behalf. The fee is usually a predetermined percentage of the financial compensation the lawyer recovers for the client.
Because of the contingency factor, contingent fees only apply to cases where money can be recovered, such as in car accident cases, workers’ compensation, employment law claims, and other personal injury claims. When hiring a Florida car accident attorney on a contingency fee, you’ll pay nothing upfront. Instead, the law firm will advance the expenses needed to move your case along up until a settlement or verdict is reached.
Once your attorney has secured a fair settlement on your behalf or wins your case in court, their fee will be subtracted from the monetary compensation recovered.
Why Florida Car Accident Attorneys Represent People on Contingency
The main reason for this is practicality. Reputable attorneys know that people injured in car crashes usually don’t have the financial means to pay them upfront. They might be unable to work because of their injuries and need to use their money for medical bills and stay afloat, especially if they have a family to support.
Working with a lawyer on a contingency fee agreement also means that your lawyer is personally invested in the results of your claim. Instead of billing you by the hour, whether they lose or win your case, your lawyer must secure a successful outcome to get paid. Put simply, Florida car accident attorneys who take cases on contingent fees will use all the resources at their disposal to ensure that their clients receive maximum compensation for their losses.
Lawyers who take cases on contingency have a direct financial incentive to go above and beyond to get positive results for their clients.
Get In Touch With a Florida Car Accident Attorney Today
Need legal guidance navigating a PIP claim with your insurance provider or a personal injury claim against a negligent party? Contact the Florida car accident attorneys at Tragos, Sartes & Tragos to arrange your free case review today. You can fill out our online form or call 727-441-9030 to reach us.