4 Reasons Why Contingency Fee Representation is Good for All of Us
Learn why all reputable personal injury attorneys work on a contingency fee basis.
If you have been injured in an accident, you should not be paying your attorney up front for their help in pursuing your claim. Virtually every reputable personal injury attorney—including Fernando D. Vargas—offers contingency fee representation as a better alternative.
Here is how it works:
- You meet with the attorney for an initial case review.
- If your case has merit and you decide you want to hire the attorney, they immediately begin working for you.
- Your attorney covers all costs related to preparing your case including court fees and fees from expert medical witnesses and accident reconstructionists.
- When you receive a settlement, these expenses will be reimbursed and your attorney will also take a percentage as their fee.
4 Benefits of Contingency Fee Representation
It Allows Victims to Afford Representation: Perhaps the most important benefit of contingency fee representation in a personal injury case is that it makes pursuing a claim feasible for everyone, regardless of their current financial resources. It levels the playing field between individuals and the large insurance corporations that are typically responsible for paying their claims.
It Protects Against Unmerited Claims: Another benefit of contingency fee representation is that it prevents unmerited claims from moving forward. After all, when their pay is dependent on a win, no attorney is going to take a case that they do not sincerely believe can be won based on the facts of the matter. This is beneficial to everyone, since it protects victims from being given false hope and it protects insurance companies and other defendants from having to waste resources defending against unfounded accusations of liability.
It Incentivizes Attorneys to Fight for Their Clients: Because attorneys who work on a contingency fee basis do not get paid until they win a case—and because they get a percentage, not a flat fee—they obviously have ample incentive to work very hard for their clients. This should give injury victims great peace of mind that every possible avenue will be explored to help them receive maximum compensation for their injuries.
It Helps Control Attorney Costs: One final benefit of the contingency fee model is that it helps ensure attorneys think carefully about the types of expenditures they make when preparing a case. They must consider the possibility—however slim—that they might lose the case and never be repaid for their expenses. This makes them more cautious when spending clients’ money than they might be if they were guaranteed reimbursement.
Want to Learn More?
If you would like to learn more about retaining Fernando D. Vargas on a contingency fee basis to assist you with a personal injury matter, please contact us at 909-982-0707 today.