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How the Car Accident Attorney Gets Paid for the Case?

 

You should rest assured that car accident attorney would be playing an important role in making sure that victims of car accidents receive adequate compensation for damages and injuries for the negligence of the other party. It would be pertinent to mention here that without the services provided by these attorneys, numerous victims would be left helpless with nothing or little to cope with the consequences of the accident.

The McAllen TX Car Accident Attorney would not only help the victims, but they would also contribute to the reduction of car accidents. Several studies have demonstrated a significant reduction in the overall number of car accidents. However, numerous people have decided not to consult car accident attorneys because of financial aspects. These conceptions have been often misguided as paying for the services of an attorney have been deemed that difficult.

A common method of paying personal injury attorney

You should rest assured that the most common method of paying a personal injury attorney would need no upfront money to be paid by you. It would be the ‘no win no fee’ arrangement between the attorney and the victim. It has also been referred to as the contingency arrangement. The car accident attorney would get paid when the client would be awarded the compensation by the jury or a satisfactory settlement has been offered by the defendant.

Therefore, a car accident victim does not have to worry about the fee of the attorney provided the case has an excellent chance of seeking the desired settlement. Along with providing relief to the client, the contingency plan would also place additional demand on the attorney for doing an excellent job, as in the event of the case not settled, the attorney would not be paid for the provided services.

How would the contingency plan work for the client and the attorney?

However, prior to the car accident attorney agreeing to take up your case on a contingency basis, he or she would look forward to evaluating and assessing the case for determining the chances of winning the case.

After the case has been settled, the car accident attorney would deduct a pre-agreed percentage in order to cover up the fees. You should rest assured that the percentage would range from 30% to 50%. However, most of the time, it would be negotiated. Prior to agreeing to the contingency plan, it would be imperative to be clear on the terms of the agreement.

Most attorneys would deduct the court costs prior to taking their own percentage. The remainder of the amount would go to the client.