Why Do Personal Injury Attorneys Charge on a Contingency Fee Basis?

You may or may not know this, but most personal injury attorneys charge you no money up front. Instead, most personal injury attorneys only get paid if they win or settle your case.  You may be wondering why that is.

The Cost of a Lawyer

The short answer is that lawyers are expensive. In a corporate setting, lawyers get paid by the hour. Some lawyers charge up to and over $1,000 per hour. Most lawyers charge hundreds of dollars per hour. As an example, if you were to get into a landlord-tenant dispute and hire a lawyer, you can expect to pay hundreds of dollars per hour for their work. The truth is most people cannot afford to pay those kind of hourly rates. When you are injured, it can be even more difficult to come up with thousands of dollars to pay a lawyer to recover for your injury.

This is one of the biggest reasons why the contingency fee structure exists. Under this fee structure, a lawyer will evaluate your case, and determine if you have a claim. If the lawyer determines you do have a claim, that lawyer takes a risk, and spends his or her own money through their firm to pursue the claim. If they lose the claim, or it does not settle, they will have spent their own money with no gain. However, if they win the case or, more often, settle it before trial, then they take a cut of the winnings – usually about one third, though it depends on the type of case.

Contact the Groth Law Firm

Our firm, like most personal injury firms, does not charge for a consultation. Thus, if you or a loved one is injured, there is no reason not to contact us. There is absolutely no risk on your end and we only get paid if you win your case. Our lawyers have the skill, experience, and proven results to get you fair compensation. When an injury takes place, time is of the essence. Call our office today at 877.375.7001 or fill out our online form to get started with your free consultation.

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