Sunday, 11 November 2018

Basics of Contingency Fee Charged By Personal Injury Lawyer In Sherwood Park

Most injured victims in any accident case refrain from hiring a Personal Injury Lawyer in Sherwood Park, thinking about the cost involved in it. In fact, there is no reason to be so apprehensive. This is because personal injury law is designed to protect the rights of the injured victims and at the same time prevent them from being compelled to pay exorbitant fees to the lawyer. You will have complete peace in mind when you hire such an expert lawyer as you will not only have the best legal guidance and support but enough moral support as well. Ideally, personal injury law is the best thing that you can expect.

No upfront payment required

There is no fee to pay to the Personal Injury Lawyer in Sherwood Park when you hire their service to claim compensation from the other party who you think is responsible to cause the accident. You may hire a general or a specialist injury lawyer but you do not have to pay anything to the lawyer as fees initially. All payments will be recovered from the claim amount that you finally receive. This means, you will not have to pay anything from your pocket, not now or later. This means hiring an injury attorney will create an extra burden but will in fact reduce it with the highest claim amount received.

Pay only if you win

This type of fee arrangement is called contingency fee in personal injury law. What is more, you pay for the lawyer’s fees, if and only if the lawyer is able to win your case in your favor. Whether it is settled out of the court through negotiation with the insurance company and the defendant or through a proper courtroom trial, you do not pay until and unless the final outcome is in your favor. There is no payment for futile and failed effort of the Personal Injury Lawyer in Sherwood Park. This means that you are always in a win-win situation when you hire an expert injury attorney.

The fee structure

If you think that once you receive the claim amount, the Personal Injury Lawyer in Sherwood Park will take a major portion of it for their effort then you are mistaken once again. According the rule of the state, no personal injury lawyer can charge you more than the set limit as fees for their service. The law states that, if a case is settled out of the court through negotiation, you will need to pay only 33% of the total claim amount received. On the other hand, if the case goes for trial, you will have to pay 40% of the final award amount, no matter how long the trial process continues or how many appeals are made.

The other expenses

If the case is taken up to the court for trial, there will be a few other expenses as well. These will be in the form of court fees, communication expenses, printing and stationery and others. These expenses will be paid by the lawyer initially and deducted only when you receive the settlement check. Visit Here: BPCAB Personal Injury Lawyer