Contingency Fees 101: What Percentage of a Settlement do Attorneys Take?

Legal representation can be expensive. However, the alternative — trying to navigate work injury rights without a workers’ comp attorney — can be even more costly.

When you’re injured after a workplace accident, you may be watching the bills stack up with some trepidation. Fortunately, most personal injury attorneys work on a contingency fee arrangement. This means that you won’t owe your legal team any money until you win a settlement.

Because of this system, you may be able to access high-quality representation much more easily. However, it’s good to keep an eye on how much of your settlement will go towards paying your workers’ comp attorney.

The Ins and Outs of Contingency Fee Agreements in Los Angeles Workers’ Comp Claims

While the specific percentage of a settlement that a personal injury attorney will assess may vary from firm to firm, the industry standard is approximately one-third of the compensation earned. The unique percentage your Southern California lawyer charges may depend on the skill, time, and expertise required for your case.

There are at least a few clear reasons you stand to benefit from a contingent fee agreement. Likely, you won’t owe anything upfront — and your attorney will have a vested interest in getting you the highest amount of compensation possible.

However, it will be very important for you to sign a written contingent fee agreement at the beginning of your case, just so there aren’t any surprises later on.

What Happens If We Lose? Contingency Fees After a Loss

Your lawyer’s goal will be to help you achieve maximum compensation, but there is a small chance that this may not happen. It’s a good idea to ask your future attorney during an initial free consultation what they plan to do if this is the case so that you aren’t facing unexpected bills without the money to cover them.

Whether your attorney absorbs these costs or will require some form of payment, you need to clarify that early on (and make sure it’s worked into the contingency fee agreement that you sign).

Tarzana Personal Injury Attorneys Providing Excellent Legal Support On Contingent Fee Basis

We understand that you may be worried about how you will pay for your medical bills and legal representation in the wake of a workplace injury in the San Fernando Valley.

Fortunately, the Accident Defenders are ready to assist without assessing upfront legal fees. Our free consultation and contingent fee model means that we can help you work towards maximum compensation without requiring any immediate payment.

To learn more about how we can assist, call us at (323) 591-2829, or contact us online.

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