We’ve all heard the claims on TV before: “we don’t get paid unless you do!” or “no win, no fee!” These personal injury law firm ads play the entire day and can drive anyone up the wall as these local and sometimes national law firms compete with each other to attract their clients with what is called a contingency fee structure which is basically law firms taking on your claim without charging you any money up-front.

While this may seem like an attractive agreement, contingency fee injury lawyers are often extremely selective with the cases they take as they would not like to take on a claim that has no potential for a payout. On the flipside, contingency fee structure makes it possible for Americans from all walks of life to access legal services and consequently justice without having to worry about upfront fees.

That said, contingency fee structure isn’t the only fee structure available to clients seeking out personal injury legal services: hourly fee agreements and hybrid models are also available, and may be appropriate depending on the complexity of the case as well as your needs at the time.

At McCready Law, we believe in and practice open and honest conversation between our top attorneys and our clients, and we work with you to determine which fee structure is best for you given the legal circumstances you’re facing and so on – in this post, we will discuss the various fee structures available to you so you can make an informed decision going forward and ultimately ensure that you save money and come out with compensation that will help you rebuild your life.

Are you looking for a best injury lawyer? Please call us NOW at (314) 481-63338 to learn more about your legal options for justice and compensation. The experienced injury attorneys at McCready Law bring to the table over 90 YEARS of stellar legal experience where we’ve helped tens of thousands of injured Americans from all walks of life recover compensation after getting injured due to the negligent actions of other individuals or large corporations.

We pride ourselves in our knowledge of the law as well as extensive litigation experience as this has enabled us to recover over $260 million and counting for our clients. Our success in the personal injury world can be attributed to a number of factors such as personally handling all cases and not shunting them over to legal assistants and paralegals as is often common in most law firms, a practice that often jeopardizes cases, working with top physicians, forensic investigators, accident reconstruction experts and accountants to demonstrate causation between your injuries and the defendant’s negligent actions, as well as quantifying your potential damages in an accurate fashion.

We also aren’t afraid to litigate claims when we believe that the insurance company is being unreasonable during the negotiations phase or is acting in bad faith, particularly if our client has suffered catastrophic, permanent and disabling injuries as more often than not, taking a viable case to court will end in our client receiving maximum compensation as allowed by law. We run a bilingual firm (hablamos Español), and we take cases nationwide thanks to our vast network of trusted referral attorneys and law firms.

Last but not least, we take on viable claims 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 suit. If you or a loved one got injured by the negligent actions of another party, 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.

Should You Choose Contingency Fee Agreement for Personal Injury Claims?

Contingency fee arrangements usually see law firms get paid a pre-agreed percentage once the client recovers their damages. This percentage ranges from anywhere from 25% to 40%. That said, if the lawyer does not recover damages for the client, they do not receive any fee, but the client may still be on the hook for certain expenses. The idea behind a contingency fee agreement is the sharing of risk between the client and the attorney, which may motivate your counsel to get the best possible outcome. Additionally, it also removes barriers to legal services access making it possible for those without financial means to still access the same.

Hourly Fees for a Personal Injury Case

Another form that is adopted by injury law firms is an hourly fee agreement which sees a firm charge the client based on the actual time spent working on the case. The billing will be done in increments, typically every six minutes or a tenth of an hour for tasks such as drafting documents, legal research, client communication and court appearances and so on.

Hourly fees are ideal for cases that have a predictable workload as well as a high likelihood of success since these cases will most likely be resolved quickly. In addition, if you need a lawyer for a specific, limited task such as reviewing a settlement offer, hourly fee may be more appropriate.

Hybrid Fee Agreement for Personal Injury Claims

On the other hand, a hybrid fee agreement which combines both hourly and contingency fee rates is also available and usually features a lower-than-usual contingency fee percentage as well as a reduced hourly or capped hourly fee. This is usually used when there isn’t a guaranteed win but the legal work expected may be substantial such as extensive discovery or complex litigation. The hybrid model is advantageous for cases that may go on for much longer as hourly costs can become astronomical, but if they are capped, the client may be able to manage the cost.

Best Affordable Injury Lawyers – Call Us Today!

Confused and need clarity on which personal injury fee structure is right for you? Please call us regardless of where you are in the country NOW at (314) 481-63338 to learn more about your legal options for justice and compensation. Remember, the call is 100% FREE and there is no legal obligation. Thanks for choosing McCready Law, and we look forward to helping you.