The Truth About Attorney Contingency Fees and Why They’re an Essential Part of Your Personal Injury Case

attorney contingency feesHave you ever consulted with an attorney?  Did you feel bombarded by legalese?  Confused by massive amounts of paperwork?  Skeptical about a contingency agreement you were offered or signed?  Well, you’re not alone.  However, the basic suspicion that attorneys working for a contingency fee are not as equipped, and that contingency arrangements are unfair is false. They are actually a type of agreement that levels the playing field in a legal matter. In personal injury cases, you are usually dealing with insurance companies and their team of lawyers. You should have legal professionals on your side too. A contingency fee agreement allows you to hire an experienced attorney without having to worry about paying upfront fees and costs.

The common assumption among the general population is that attorneys working on contingency are not at capable as ones who charge a retainer and a flat-hourly fee.  Similarly, some may think that they are getting bamboozled when an attorney proposes to take part of their settlement as a fee, and that the percentage is unfair.  Those assumptions are wrong; in fact, a contingency fee is an essential part of most personal injury cases.

A common misunderstanding is that contingency agreements are unfair.  The fact is that contingency arrangements are heavily regulated by the state of Ohio.  Specifically, lawyers working for contingency fees are regulated by the Ohio Rules of Professional Conduct.  Basically, these rules serve as “laws for lawyers.”  Those rules explain that lawyers have to charge a reasonable fee.  Lawyers also have to present you with paperwork that outlines that contingent legal fee, and identifies how they are going to serve you.  The goal is that you fully understand how your attorney is going to best serve you – not to confuse or swindle you.  The Ohio attorney wants you to understand how they are going to earn their fee serving your best interests.

Finally, the theory that Ohio personal injury attorneys working for a contingency fee are not as capable as their peers that charge a retainer is nonsense.  In fact, the aforementioned “laws for lawyers” provides that all attorneys are expected to be diligent and competent – regardless of how they decide to charge their fee.  The fact is that contingent fee arrangements are an essential part of personal injury cases. This is especially true for clients who cannot financially afford a large retainer, but still want quality representation and to be compensated for their injuries.

If you would like to look at a sample contingent-fee arrangement, go to the Columbus Bar Association’s website for an example of how attorneys should model their agreements. Here’s the link: http://www.cbalaw.org/_files/reports/contingent.pdf

If you suffer a personal injury, want quality legal representation and to be compensated for your injuries, you should immediately contact an Ohio personal injury attorney to discuss your claim and injuries you’ve suffered.

To discuss your injury and a potential contingent fee representation with a knowledgeable, experienced personal injury law firm, please contact the Ohio personal injury law firm of Slater & Zurz LLP for a free consultation by calling 1-800-297-9191 or by contacting us through our website slaterzurz.com

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About slaterzurz

Slater & Zurz LLP is an Ohio law firm of highly experienced and respected attorneys. Over the last 40 years, we have developed a reputation for getting positive results for clients. We've been trusted with handling over 20,000 personal injury cases and our clients have received more than $120,000,000.

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