Unless you’ve been living in Aristotle’s cave for the better part of your life, you’ve seen the ads for lawyers, either on billboards or in TV commercials that promise to take your case and if they don’t win you don’t pay a dime. These no-win-no-fee lawyers are also known as contingency lawyers and many people that are pursuing a car accident injury claim at least consider using one. Should you?
The name contingency lawyer comes from the contract that you sign with your lawyer before he takes your case. The lawyer will first look at your case and determine if your case is winnable and how much money you can expect to get in a settlement or court case. Based on this and the time that it will take to litigate your case, the lawyer may decide to represent you. Once this happens, you sign a contingency agreement with the lawyer where he agrees to take your case in return for a percentage of your final settlement.
If you are thinking of using a contingency lawyer, you need to think about several things before you sign the final papers agreeing to it. First, the lawyers in contingency cases generally take a large amount of your settlement, sometimes even over one-third, which leaves less to you. Is it worth the time and expense of litigation for the money that you will be getting after the lawyer’s fees? Some people even end up with less money than if they had accepted the insurance company’s initial offer because of this.
Contingency lawyers do provide a great service for many people. If you don’t have the money to hire a lawyer and your case is potentially worth a lot of money, they are an amazing resource. However, if you only have a small case, it may not be worth the extra time and effort and you may end up with less money overall. For more information about when and when you shouldn’t use a lawyer, visit the Auto Accident Settlement Center.
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Tags: auto accident settlements, auto accidents, car accident injury claim, contingency lawyers, injury claims
