What Is a Contingency Fee Agreement?

Were you hurt in a car accident, medical accident, or work-related incident and now need to file an insurance claim or, even more complicated, file a lawsuit against those responsible? With the help of our legal team at John Foy & Associates, we can help you recover the losses you have incurred, and we will not charge you a fee unless we win your case. What is a contingency fee agreement like this, and how could it work in your situation when consulting an Atlanta personal injury lawyer?

How a Contingency Fee Agreement Works

When you agree to work with our contingency fee attorney in Columbus, GA, we provide our legal services to you now, and you do not pay any attorney fees until we win your case. If you do not win your case – meaning you do not get a settlement from the responsible party – you owe us nothing. You never pay for your consultation, either.

A contingency fee agreement is the fee model that sets up this type of legal service and cost structure for you, and it is one of the most important documents you will need to sign as you move forward with obtaining compensation owed to you after a personal injury matter. You get the high-quality legal representation you need at one of the most pivotal times in your life, and you do not have to pay for that legal representation up front. We agree to take on your case without compensation for our legal services if you lose.

Instead, when you win your case, you will pay your attorney fees out of the settlement you receive from the insurance company or other responsible party. This is generally a percentage of the amount you obtain, which means if you do not receive a large settlement, you do not pay a huge attorney fee that wipes out the money you need. It is a very fair service that we use with our clients to support their needs.

When Is a Contingency Fee Structure Offered?

A contingency fee structure is typically available to clients who are likely to receive a substantial settlement for the losses they have incurred. This service allows our clients to receive the legal representation and support they need right now with payment in the future if and when they win. Not all legal services allow for this, but our personal injury cases do fall under this structure.

What Are the Benefits of a Contingency Fee Agreement?

When you agree to a contingency fee agreement with our attorneys, we will establish a clear contract that outlines what you can expect in terms of costs, what you may still have to pay for (such as court filing fees), and what happens if you do not win your case. All of this is spelled out for you in your contract, and nothing is hidden from you. That is one of the most important benefits of this type of fee arrangement.

The next benefit is that you pay nothing if you do not win your case for any reason. Though we are often very confident that you will receive compensation owed to you from the hard work of our personal injury attorneys, there are some situations in which you may not win your case for unforeseen reasons. When this happens, you do not have to pay any legal fees to our firm.

Finally, in this method, you can ensure you are working with the very best attorney for you, one that has experience and the ability to provide the highest level of legal representation to you. You do not have to choose an attorney you do not feel confident in or comfortable with, and that is critically important to many of our clients. Instead, work with our legal team now to learn more about how we can support and guide you and utilize our legal experience to help you maximize your recovery.

Are There Disadvantages to a Contingency Fee Agreement?

Entering into a contingency fee agreement allows you to be in control over what you pay now for legal services. However, the amount paid is a percentage of the award you receive. There are some situations where that award could be substantial, and that means your costs may be higher.

How Is a Contingency Fee Agreement Set Up?

When you come in to speak to our personal injury lawyers about your injury or accident, we will talk to you about the contingency fee agreement. At this time, you will learn everything you need to know to make a decision about whether to work with us, how much our services are, and when you can expect to pay for our legal services (and when you will not have to pay for them). Our legal contracts are very transparent because we want to ensure you receive the legal support you need with a full understanding of your rights.

If you decide to move forward with your case, we will establish the contingency agreement with you, allowing you to sign the contract. This allows our team to start working for you, though you do not have to pay anything for our services now. We get to work, and we work hard to help you obtain the highest level of compensation possible after your car accident.

This contract gives you insight into your rights and obligations, and we encourage you to read it and fully understand all of the details of it. Let us discuss any concerns with you now. Then, let us get started working for you, but remember, you do not have to pay for our free consultation either.

Set Up a Free Consultation to Discuss Your Legal Needs with Our Team Now

Call John Foy & Associates today to discuss your case. Let us help you navigate the legal obstacles you are facing and provide you with insight into how a contingency fee agreement may work in your situation. We are here and ready to help you every step of the way when you call us for a free consultation.