What is contigency fee?
Nadrich & Cohen accept personal injury cases on a contingent fee basis. The contingent fee is the most common form of payment arrangement for claimants seeking representation in personal injury litigation. Instead of billing the plaintiff on an hourly basis, a contingency fee means we are entitled to a percentage of the settlement or trial award. If you do not receive any compensation for damages, our firm is entitled to nothing. The contingent fee is perhaps the one device in law that gives injured people, no matter what their financial means, an even break in the courtroom against giant corporations and insurance companies.
Were it not for the contingent fee
People of the middle class or of low economic means would not be able to have their day in court, a constitutional right which corporations and insurance companies fight hard to eliminate.
The “contingent” aspect of the fee means that if there is no recovery, there is no attorney fee owed. There are a number of advantages to this type of fee arrangement, the most obvious of which is the absence of a risk of owing our firm a fee when there has been no recovery. Another important advantage of this type of fee arrangement is the security the client should feel at knowing that Nadrich & Cohen has the same incentive as that of the client. The fact that we are willing to handle a client’s case on a contingent fee basis is a reflection of the confidence in our ability to obtain a recovery in the case.
Common Questions about Contingency Fees
Q. How are you paid for your services?
A. We perform legal services on a “contingent fee” basis. Our legal fees are a percentage of the gross amount we recover by settlement or verdict, before case costs and expenses.
Q. How much is the percentage?
A. The percentage varies between 33 1/3 and 40%
Q. What are case expenses and costs?
A. Typical case expenses and costs include filing fees, deposition fees, expert consultation fees, travel costs, and fees associated with the preparation of the trial.
Q. Do I pay anything upfront?
A. No. We advance all costs necessary to prepare your case, and we are repaid these costs from your portion of the recovery only if we obtain a recovery for you.
Q. What if we don’t recover any money?
A. In the end, if we do not recover money for you, we do not receive a fee and you owe us nothing for our costs.
Payment of Costs
In connection with handling your case, it is virtually certain that Nadrich & Cohen will expend funds on your behalf in order to position the case for settlement and/or trial. Expenses run from fees to copy medical records, fees to file a lawsuit, transcript fees, court reporter fees, expert witness fees, and many others. In complex cases, out of pocket costs to prepare the case for trial can run into tens of thousands or dollars. In most cases, we will advance all costs for you so as to enable you to continue with your case through trial.
Hiring a Lawyer
If you have been seriously injured or are unsure as to the outcome of your injury, then an experienced personal injury attorney should always be consulted before you give any statements or sign any papers of any kind and as soon after your injury as possible.
In a serious injury case, you are better off hiring an attorney as soon as possible. Most firms offer a free consultation, with no obligation; therefore, you have nothing to lose by consulting an attorney before you accept the insurance company offer.
There is a statute of limitations that requires you to file suit within a specific period of time, depending upon the circumstances of your case, or else you will be prohibited from obtaining any compensation for your injuries. An attorney will be able to help you keep within the statute of limitations.
In all personal injury cases, it is essential that measures be taken promptly to preserve evidence, investigate the accident in question, and to enable physicians or other expert witnesses to thoroughly evaluate all claims and injuries.
If you or a loved one has suffered personal injuries, call Nadrich & Cohen now at 1-800-718-4658 or CLICK HERE TO SUBMIT A SIMPLE CASE FORM. The initial consultation is free of charge, and if we agree to accept your case, we will work on a contingent fee basis only, which means we get paid for our services only if there is a monetary award or recovery of funds. Don’t delay!
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