What is a Contingency Fee Contract?

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It is completely understandable if you feel the initial hesitation in hiring a lawyer after you have been injured in an accident. You may think you cannot afford the attorney’s fee on top of rising medical bills and lost wages.

Fortunately, most of the dedicated personal injury lawyers in North Carolina would work on a contingency fee basis. In this type of fee agreement, the attorney can provide the legal services without charging an upfront cost. This makes it legal representation affordable for all injured victims.

The personal injury legal services at Tatum & Atkinson, PLLC are provided on a contingency basis. You don’t owe us anything till we are able to secure compensation for your damages and injuries. You don’t even need to pay for the initial consultation with a competent member of the legal team to learn more about your legal options and rights.

What is Contingency Fee?

Contingency fee arrangement in North Carolina refers to fees that are due when the attorney is able to obtain recovery on behalf of the victim. The fee will be collected from the amount awarded and is generally a percentage. The lawyer will not get paid if they are unable to secure a verdict or settlement for you. The lawyer’s fee is contingent on obtaining compensation for the losses suffered.

Advantages of Hiring a Contingency Fee Attorney

In complex cases, legal fee can quickly add up. It may take a long time to arrive at any resolution as well. Contingency fee attorneys make it easier for injured victims to pursue a claim and obtain legal representation without the financial risks. You don’t owe us anything if we are unable at securing a compensation.

You should read the terms and conditions properly before signing a legal contract. Make sure you understand the type of services covered under the contract and whether the lawyer will have your best interests.

Paying Contingency Fee

Generally, contingency fee is paid directly from the recovery amount once the case is closed. This can be through courtroom verdict or settlement negotiations. You don’t need to pay anything to cover the legal fees. However, the law firm may need you to pay for court fees and other costs.

Amount of Contingency Fee

Contingency fee is generally a percentage of the total compensation amount. This will depend on a number of factors, such as the amount of medical bills, extent and nature of injuries, lost wages, effects of injuries on your life, and whether the injuries are permanent or resolved. It can be impossible to know the amount of the fee at the beginning of the case.

Discuss Your Payment Options by Getting in Touch with Us

Tatum & Atkinson, PLLC prides itself on making the legal journey of accident victims to claim compensation as easy as possible. We offer free initial consultation to accident victims to help them understand their legal options. You can use the initial consultation to learn more about our contingency fee.

We help injured victims move forward with their lives and to seek justice regardless of their financial situation. Give us a call today at 800-529-0804 or use our online form to learn more about how we can help you.