Unwrapping “No Win, No Fee”: The Real Deal with Injury Lawyer Costs
Personal injury legal services are available to all thanks to the contingency fee agreement that injury attorneys enter into with their clients. Injured Americans may not have the financial resources to hire an attorney from the get-go as injuries are often sudden and unexpected, and astronomical medical bills may hit them from the first day of injury, effectively wiping out their savings in just a few short weeks.
To this end, personal injury lawyers agree to take on viable claims in order to help these individuals access justice and compensation. In addition to ZERO FEES being charged upfront, the agreement works in such a manner as to guarantee the injured individual that they will pay nothing if the attorney doesn’t win the case on their behalf. While this agreement may sound lucrative and enticing to many, the reality is that the “No Win, No Fee” promise comes with its own challenges that we’ll take a look at shortly.
While most law firms that work on contingency fee basis may not charge hourly rates, they may recoup their costs in other ways. That said, McCready Law prides itself in being transparent about our fees structure which is clearly laid out on a contract that we will discuss and agree upon, ensuring that you get the bulk of the settlement or judgment. Read on to find out how this fee structure works and how we can help you get the most of your injury claim.
Are you looking for a best injury attorney? Please call us NOW at (314) 481-63338 to learn more about your legal options for justice and compensation. The experienced countrywide injury lawyers at McCready Law bring to the table over 90 YEARS of combined legal experience where we’ve helped thousands of injured individuals seek compensation after getting injured due to the negligent actions of other individuals or large corporations.
To date, we’ve been able to recover over $260 million and counting for our clients, with a lot of these settlements or judgments running into the tens and even hundreds of thousands of dollars per client. The secret to our massive success lies in a number of things – we personally handle all claims and do not shunt them over to legal assistants and paralegals as is often seen in most law firms, we keep an open line of communication with our clients so you’re able to contribute additional information that may be pivotal to the success of your claim as well as be in the know about the progress of your claim.
Additionally, we work with a team of world-renowned experts who can provide us with their expertise and objective opinion regarding the negligence of the other party, and how it is the primary cause of your injuries. In addition to having nationwide reach thanks to our vast and trusted network of referral attorneys and law firms, we also run a bilingual firm (hablamos Español), and we are not afraid to litigate claims should we feel that the insurance company settlement offer is low and in bad faith as more often that not, a properly litigated claim can fetch the maximum amount of compensation by law compared to insurance company negotiations which often end in paltry payouts.
Last but not least, we take on all cases on contingency fee basis, which simply means that there are ZERO UPFRONT FEES for the duration of the processing of your claim, as we only levy our fees at the end of the suit, and only if we’ve recovered compensation on your behalf. If you or a loved one were injured due to the negligent actions of other individuals, please give us a call NOW at (314) 481-63338 to learn more about your legal options for justice and compensation – our intake team is standing by.
The Truth About “No Win, No Fee” Agreements
Let’s take a look at some of the hidden costs associated with a “No Win, No Fee” agreement:
- Additional or inflated fees – it is not uncommon for injury firms that work using this model to tack on administrative fees, processing charges and even higher-than-normal costs when it comes to medical records retrieval. That said, at McCready Law, we do not impose any hidden fees as the structure is laid out on our contract that we shall discuss before you sign off on the dotted line.
- A higher contingency percentage to account for “risk” – Many injury law firms may opt to charge a higher contingency fee percentage of 40% percent compared to the standard 33.3% as they believe they are taking on more risk with a “No Win, No Fee” structure. However, at McCready Law, we believe in fair compensation for our services and our fee is not attached to risk, but the value we provide to you as an injured individual, with the end goal of ensuring that you remain with the larger portion of the payout.
- Charging fees even when the lawyer does minimal work – In some “No Win, No Fee” scenarios, the settlement may be reached fairly quickly at little to no effort from the attorney, but at McCready Law, we believe in providing value via strategic negotiation, thorough preparation, and answering any and all questions you may have regardless of how quickly a settlement is reached or a case is resolved; therefore, our fee is a reflection on the amount of work we do for you.
- Lack of transparency: while injury attorneys are at liberty to not divulge certain aspects of your case, some go as far as not providing you with transparency as far as expenses associated with the claim. Typically, while you will be responsible for court filing fees, expert witness fees, deposition costs and so on, your legal team at McCready Law will ensure that we provide you with itemized accounting regarding all case-related expenses and discuss any potential costs beforehand so there are no hidden surprises later on in the case.
Best Countrywide Injury Attorneys – Call Us Today!
If you or a loved one were injured by the negligent actions of others, please give us a call NOW at (314) 481-63338 regardless of where you are in the country so we can see how best to help you. Remember, the call is 100% FREE, and there is no legal obligation. Do not go it alone, and do not opt for the cheapest or most convenient option as your future is at stake. Thanks for choosing McCready Law, and we look forward to helping you.