How are personal injury attorneys compensated?

acceladmin   December 22, 2017   Comments Off on How are personal injury attorneys compensated?

When an individual is injured in an accident, they may be facing a lot of unexpected expenses that they were not financially prepared for. Fortunately,  if you were injured, there are options as to how you can try to cover some of the accident-related costs. Some of these costs may include medical bills from surgeries, the ambulance ride to the hospital, prescription medications, rehabilitation facilities, and more. Additionally, with such a serious injury, it is likely that you were unable to work for quite some time, losing wages that could be used to cover some expenses.

With all of these expenses, some people shy away from the idea of bringing a personal injury lawsuit against the party that caused the accident simply because they fear that the attorney’s fees will be too expensive. However, what many people don’t realize is that they don’t actually pay their personal injury attorney anything out of pocket. Personal injury attorneys are paid on a contingency basis, meaning that they are only paid if they recover an award. Your attorney will receive a percentage of the award money you win. However, if they don’t win your case, you may not have to pay them anything.

It is important not to wait too long if you are considering bringing a personal injury lawsuit because you are held to a 2 year statute of limitation. If you do not bring a lawsuit, you may miss out on valuable compensation that can assist you in paying for the overwhelming expenses associated with your injury.

If you need legal assistance, contact our firm today.