How Do Contingency Fees Work in Injury Cases?

When you suffer a personal injury in Colorado, you have the right to recover compensation from those who hurt you, but you need to navigate the justice system to get the money you deserve. 

This can be very complicated, especially as insurers are always trying to get you to accept less money than you are entitled to throughout the process. 

Being represented by a personal injury lawyer can help you maximize your chances of recovering full and fair compensation, but you may be concerned about what a lawyer will cost you. The good news is, this isn’t something you need to worry about. 

Windsor personal injury lawyers at Hadfield Stieben & Doutt, LLC charge legal fees on a contingency fee basis, which means we do not get paid unless you win.  To find out more about what this means for your case or to learn how we can help you, give us a call or contact us online today. You can also read on to learn about how contingency fees work in injury claims. 

What is a contingency fee?

A contingency fee is a very common arrangement in a Colorado personal injury claim. When a lawyer works on a contingent fee basis, their fee is contingent upon or conditioned upon their ability to obtain compensation for you. 

This means that you do not pay legal fees unless your lawyer wins your case and you get money from the defendant through either a settlement or a court verdict. There are no upfront fees to pay, and you don’t lose money on legal fees if your case is unsuccessful. 

There is essentially no risk to you of hiring a lawyer because of the contingency fee arrangement. Your lawyer takes on the risk of an unfavorable outcome, so they work very hard to make sure that doesn’t happen and that you get the money you deserve. 

How do contingency fees work?

When your Windsor car accident lawyer charges on a contingency fee basis, they take a percentage of the amount that you recover.

This means your interests are directly aligned with the interests of your attorney. The more money your lawyer recovers for you, the more money your lawyer collects. Everyone wins when your attorney does a good job, and your lawyer has a strong incentive to fight aggressively to ensure those responsible for harming you pay the full value of what your case is worth. 

Research has also shown that clients who are represented by attorneys generally end up with more money even after accounting for the contingency fees they pay. That’s because lawyers know and understand the law, know what your case is worth, and know how to build strong claims.

Your attorney can often convince the insurance company to make a better settlement offer than you could get on your own, or can present a more compelling case in court than you could present on your own. This can mean larger verdicts or settlements, so there’s more money to go around. 

Getting help from a Colorado personal injury lawyer

A Colorado personal injury lawyer at Hadfield Stieben & Doutt,  LLC can help you fight for your rights to full and fair compensation following an accident. Give us a call or contact us online to schedule your free consultation today. Since we work on a contingency fee basis, you have nothing to lose.