Most personal injury lawyers will earn about a third (33%) of the settlement an at-fault party or insurance company pays you. But this fee is only paid if you win your case. If the case is lost, you usually wouldn’t owe your attorney anything.
There is a difference in the way Ylla|Gosney Attorneys at Law handles attorney fees. We look at the settlement you’ll be receiving and if we don’t feel you are getting enough to fully rebuild your life, we will adjust the percentage we earn, so you keep more.
What Does It Mean When a Personal Injury Lawyer Works on a Contingency Basis?
Most personal injury lawyers work under a “contingency agreement.” It means they don’t get paid for their work unless they win the case for their client. There’s no upfront fee for the victim. It’s a good way to ensure that all victims can afford strong legal representation, especially while they are so physically and financially vulnerable.
The lawyer pays all investigative costs and, in a sense, works for free unless the case is a success. If the case fails, the lawyer isn’t paid. Lawyers must absorb any money used to build the case and any court fees. Lawyers can lose a case for reasons beyond their control and be out thousands of dollars, not to mention the time and resources they’ve invested in the case.
To make up for this risk, attorneys usually keep around a third of a settlement or court judgment awarded to the victim after a case victory. It may seem like a lot all at once, but the goal is for the lawyer to earn clients much more in a settlement than they could have earned by filing an accident claim or lawsuit on their own. The much larger settlement check should be enough to pay the lawyer and still allow the victims to keep much more than they would have going it alone.
Make Sure You Know What Your Lawyer Is Earning
Most attorneys will keep around 33% of your settlement if they win your case. However, you should never hire a lawyer without knowing exactly what the law firm will charge. If you aren’t sure how payment will work, ask your lawyer to explain it plainly and clearly. If you still don’t have a firm grasp of how your lawyer gets paid, it may be a good idea to talk to another law firm.
Ylla|Goseny would make sure you understood what you would be paying us and how we get paid.
Our Tulsa personal injury lawyers charge around the industry standard for our services but with one big difference. Our lawyers work with you and can adjust their fees if they feel you haven’t been awarded enough to cover all of your medical bills and lost time at work.
Do I Need a Lawyer for my Tulsa Personal Injury Case?
If your accident only results in some minor bumps and bruises, you may not need a lawyer’s help for help with your case. But if you suffer a more serious injury, like a broken leg or a head injury, turning your case over to a lawyer gives you a better chance of securing the money you need to recover physically and financially.
Insurance companies have trained their adjusters to poke holes in your case. They can point the finger of blame at you unfairly. They might downplay how long your injuries will take to heal. At Ylla|Gosney we fight to protect our clients and earn them the maximum in compensation for what they’ve been through and may still have to endure. Contact us for a free, no-obligation case review to find out what your injury should be worth.
