What is the Best Plan to pay the Fee of the Car Accident Attorney?
The Houston car accident attorney would play a significant role in ensuring the victims of car accidents receive fair compensation for damages and injuries resulting due to the negligence or recklessness of others. Without the services offered by these attorneys, several victims would be left helpless with little or nothing to cope up with the consequences of such accidents. Apart from helping the victims, a car accident attorney would contribute to the reduction of car accidents.
However, numerous people have decided not to consult car accident attorneys because of financial considerations. Such conceptions would often be misguided, as paying for the services of an attorney would not be difficult.
The most common method for paying a personal injury attorney requires no money upfront. Such an arrangement is known as a “no win no fee” arrangement. It is also referred to as a contingency arrangement. The attorney would only be paid in the event he or she wins the claim for you. The attorney would be awarded compensation by the jury or the attorney has settled the claim on a fair amount with the negligent party. Therefore, a car accident victim does not have to worry about the fee of the attorney, if the case has a decent chance of settlement. A contingency plan would also place an additional demand on the attorney to do an excellent job, as the case is not settled. Therefore, the attorney would not be paid for the services rendered unless he or she has won the claim for the injured party.
Before the potential car accident attorney agrees to take up your case on a contingency basis, he or she would look forward to evaluating and assess the case to determine the chances of winning the case. After the case is settled, the car accident attorney would be given a pre-decided percentage for covering his or her fees. It would be pertinent to mention here that the percentage would vary from thirty to fifty percentages, but with the possibility of negotiation.
Before agreeing to a contingency plan, it would be important for you to settle the terms of the agreement with the attorney. Most car accident attorneys would deduct their percentage from the settlement, deduct the costs incurred in the court, and then hand over the remaining amount to their clients. There may be a few looking forward to deducting the court costs initially before taking their percentage and providing the remainder to the client.
A contingency plan has been the best choice of paying the fee of the car accident attorney.