Being injured in an accident is a financially daunting situation. Not only have you likely incurred medical bills and other expenses, but you might also be out of work and struggling to make ends meet. If you or a loved one was injured in an accident due to the reckless or negligent actions of another party, you may have a strong personal injury claim which can lead to financial compensation. In order to recover the full and fair compensation to which you are entitled, it is highly recommended that you retain an experienced personal injury attorney.
However, how can you be expected to afford a personal injury attorney if you are already struggling financially? The good news is that our firm, and many other personal injury law firms, work on a contingency basis, meaning you don’t owe any money in legal fees until and unless your personal injury attorney is able to secure you a recovery.
Hunterdon County, NJ Personal Injury Lawyers Define “Contingency”
The Oxford English Dictionary definition of contingency is in part: “a future event or circumstance that is possible, but cannot be predicted with certainty”. For our purposes, the “future event” is a successful settlement or verdict for your personal injury claim.
In other words, the legal fees which are owed to your personal injury lawyer will not be owed if they are not able to secure financial compensation in your case. If for any reason your personal injury claim is resolved and you do not receive any money, you will not owe your attorney a dime.
Before retaining the services of a Hunterdon County personal injury lawyer on a contingency fee basis however, you will want to come to a precise agreement regarding exactly how contingency fees. There are several options available to our clients, including a flat, fixed percentage of your awarded compensation or a sliding scale which will change the rate based on the monetary value recovered.
What is Covered By My Contingency Fees?
Bridgewater, NJ Personal Injury Attorneys
In addition to retaining the services of an experienced Bridgewater personal injury attorney, there are other expenses which may be covered by your contingency fee agreement, including:
- Expert Witness fees
- Court fees
- Filing fees
- Medical records
- Police Reports
These fees may fluctuate greatly based on the circumstances of your case. Before we enter into a contingency agreement, we are happy to go over expenses, contingencies, and what to expect with clients.
Contingency Regulations in New Jersey
Contingency agreements between lawyers and clients are governed at the state level. New Jersey has specific guidelines which cap the maximum percentage to be paid at 33 1/3 percent. In other words, lawyer’s fees in a contingency agreement may not exceed one third of the total compensation awarded.
Not only does that cover lawyers’ fees and other associated expenses which would otherwise come out of our clients’ pockets, but for the majority of our clients, the expense of hiring attorney is well worth the extra protection. Not only do you have the legal experience of a personal injury team on your side, but you can rest assured that you will not make any egregious errors which could potentially lead to leaving even greater sums of money on the table or even losing the opportunity for any compensation.
The law also states that clients are not obligated to enter into a contingency agreement. We offer other methods of payment which may require up front and/or fixed rates.
Contact our Somerville, NJ Personal Injury Lawyers Today
The personal injury legal team of The Law Office Of Brian J. Levine takes pride in serving local New Jersey clients across towns like Somerville, Bridgewater, New Brunswick, Franklin, Hillsborough and the greater Somerset County area. We believe in offering affordable legal solutions so our clients who have suffered injuries can focus on getting well while we focus on winning them the fair and full compensation they and their families are owed.
Contact us online or through our Somerville offices by calling (908) 524-0123 for a free and confidential consultation regarding your injuries resulting from car accidents, truck accidents, dog bites, construction accidents, pedestrian accidents, and more.