If you’re injured in a car accident in NYC and are now on the lookout for an accident lawyer in New York to take up your case, a lawyer’s fees will undoubtedly be an important consideration. At Gabriel Law, we believe that everyone deserves proper legal representation, regardless of their financial situation. That is why we often take up car accident cases and other personal injury cases in New York on a contingency fee basis.
In this guide, we will break down everything you need to know about contingency fee arrangements—what they are, how they work, and how such arrangements can help level the playing field for victims.
What is a contingency fee, and how does it work in personal injury cases?
A contingency fee agreement is a payment structure that has been adopted by many legal practitioners in New York and marketed through slogans such as “no win, no fees.” Under this arrangement, when a client hires a car accident lawyer in NYC, they do not need to pay any upfront costs or any other fees for the lawyer’s time and work.
Instead, the lawyer will charge a percentage of the total compensation you manage to achieve from the case. While the exact percentage can depend on the individual lawyer or firm, the average contingency fee is around 30 - 35% of the total compensation. For example, if you have received $100,000 in compensation and your lawyer has a 30% contingency fee, they will be entitled to $30,000.
Moreover, the contingency fee structure appeals to potential clients because they are not obligated to pay any legal fees to their lawyer if they do not win the case. The lawyer’s ability to claim their fees is contingent on them winning the case.
What are the advantages of contingency fee agreements?
- Access to justice—Individuals will not be denied access to justice and quality legal representation due to their financial status since there are no upfront costs and other legal fees.
- Reduced financial risk - Should you fail to secure the desired compensation, you won't be obligated to cover your legal fees personally. The lawyer’s fees under the agreement are contingent on the lawyer winning the case.
- Aligned interests—Under the contingency fee system, the interests of both the lawyer and client are very much aligned, as both of their compensation and fees are tied to achieving the best possible outcome.
- Reduced financial burden and focus on recovery—With the financial burden of legal fees being lifted, the injured person can give their full attention to healing and recovering from their injuries while the lawyers take care of the rest.
Conclusion
When it comes to claiming compensation for your injuries, legal representation is absolutely necessary. However, hiring legal representation must not become another financial burden for you to deal with.
That is why we at Gabriel Law, as a personal injury law firm in NYC, approach car accident cases and other personal injury cases on a contingency fee basis. We only look into legal fees once we’ve helped you secure the compensation you deserve. After all, “no win, no fees.” If you’re interested in having us take a look at your case, contact us now and schedule a free consultation.
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