How Does an Attorney Get Paid, What Does Contingency Mean and How Does it Work?

Were you hurt in an accident in Texas due to someone else’s negligence? You have the right to seek compensation for the full extent of your damages through a personal injury claim. This includes your medical bills, lost wages, and pain and suffering. As the claims process can be deeply complicated, it is crucial that you have a top-tier attorney on your side.

This raises an important question: How does a personal injury lawyer in Texas get paid? The short answer is that these claims are handled on a contingency basis.

Contingency Fee: Your Attorney Only Gets Paid When You Get Paid

Following an accident, the absolute last thing that you will want to deal with is another bill that needs to be paid. A contingency fee agreement is an option to pay your lawyer according to their success.  The American Bar Association (ABA) defines a contingency agreement as one in which a client will only pay a “fee to a lawyer only if the lawyer handles a case successfully.” In other words, your lawyer does not charge an hourly billing rate or a flat fee. Instead, your lawyer only gets paid as a percentage of your ultimate financial recovery. If you do not recover compensation, then there are no fees associated with your case at all.

Understanding the Benefits of Contingency Fee Representation

Why do so many people opt for contingency fee representation after an accident in Texas? This type of payment arrangement offers major benefits to the clients. Here are four of the most notable advantages of contingency fee representation for a personal injury case:

• No Upfront Costs: One of the primary benefits of hiring an attorney on a contingency fee basis is that you do not have to pay any money upfront to get access to a lawyer. This can be a huge relief, especially if you are dealing with a serious accident or complex injury.With no initial fees, you can comfortably hire a highly reputable Texas personal injury attorney.
• No Hourly Bills: It is not just about the lack of upfront costs. Unlike a traditional legal billing arrangement, where you might get charged for every hour a lawyer works on your case, contingency fee agreements do not involve hourly billing. The clock does not matter. You do not have to pay more money when your lawyer spends more time working on your case. Have a question for your personal injury lawyer during the middle of your case? You can call them up without worrying that it will cost you more money.
• The Law Firm Takes the Risk: With a contingency fee agreement, the law firm takes on all the risk. If they do not win your case, they do not get paid. You do not have to worry about paying money in legal fees only to walk away without the necessary compensation for your injury and damage. Your Texas personal injury attorney only gets paid when you get paid.
• Your Interests are Aligned: With a contingency fee arrangement, your best interests will be aligned with the best interests of your law firm. Both of you want the best possible outcome. If you win or settle your case, that is when the Texas personal injury lawyer gets paid. How does your lawyer get paid more? They have to get you a higher settlement or verdict.

Representing Victims and Families on a Contingency Fee Basis

At David Sanchez Law Group, PLLC, we represent injured victims on a contingency basis. There are no upfront costs, and there are never any fees until we win your case. We also offer free, fully confidential, and no-obligation initial consultations. No matter the circumstances of your personal injury matter, we encourage you to reach out and connect with our attorney.

Contact Our Texas Personal Injury Lawyer Today for a Free Case Evaluation

At David Sanchez Law Group, PLLC, our personal injury attorney in Irving, Texas is an aggressive, effective advocate for victims and families. We are committed to putting more money into your pocket. From our law office in Irving, we represent injured victims throughout the Dallas–Fort Worth metropolitan area. If you have any questions about the contingency fee agreement or your personal injury matter, please do not hesitate to contact our legal team right away.