When you are injured in an accident caused by someone else, you can pursue compensation for your damages by filing a personal injury claim. However, insurance companies will try to deny liability, devalue your damages, and settle your claim for as little as possible.
Your chances of recovering maximum compensation are significantly higher if an experienced Chicago personal injury lawyer represents you. You must choose a personal injury attorney wisely and understand how much they charge and how they will be compensated.
Most personal injury lawyers in Chicago will handle your case on a contingency fee basis. This means that you don’t pay anything until your compensation is recovered, and if your attorney does not recover compensation for you, they don’t get paid.
How Do Contingency Fee Agreements Work?
In other types of law, it is common for an attorney to charge their clients on an hourly basis or a flat fee and require an upfront retainer before they begin working on your case. However, in a contingency fee agreement, attorney fees are paid out of the final amount collected on your behalf.
Most Chicago-area law firms charge between 30% and 40% of the total compensation as their attorney’s fee. The percentage varies depending on the attorneys’ experience and skill, as well as the degree of complexity involved in the case.
At Meyers & Flowers Trial Attorneys, our personal injury lawyers will enter into a written agreement with you that outlines the percentage of the total compensation we will receive upon obtaining a verdict or settling your claim. The agreement also explains that we will cover all expenses associated with pursuing your claim upfront, and these costs will be deducted from your compensation.
What Are the Benefits of Contingency Fee Agreements?
Personal injury victims may not be able to afford to pay upfront attorney fees to pursue their claim. Being able to hire an attorney under a contingency fee agreement means you pay no upfront attorney fees, the attorney advances all costs of pursuing the claim, and if the attorney does not recover compensation, they don’t get paid.
Contingency fee agreements allow you to hire an experienced, proven personal injury attorney to pursue your claim aggressively. At Meyers & Flowers Trial Attorneys, we have recovered over $6 billion in compensation for our clients. We have a vast network of experts we work with to help identify all causes and liable parties of your accident, and to establish and accurately value your current and future damages. Our Chicago personal injury lawyers have the resources, experience, and skills to help you recover maximum compensation for your damages.
Should I Choose a Personal Injury Lawyer Who Charges a Smaller Contingency Fee Percentage?
When an attorney charges less than the industry standard, it may not mean that you will end up with more compensation. When experienced Chicago personal injury attorneys handle your claim, you generally have a better chance of recovering maximum compensation. So, even if that attorney charges a higher percentage, you will still often receive a significantly higher amount of compensation.
For example, if a less experienced personal injury lawyer charges a 25% contingency fee and, with their limited resources and skills, recovers $30,000 in damages, you would receive $22,500 before any expenses were deducted. However, if an experienced personal injury lawyer with a proven track record of success charges a 35% contingency fee and, with their skills and resources, recovers $60,000 in damages, you would receive $39,000 before any expenses are deducted.
Contact an Experienced Personal Injury Lawyer in Chicago
If you have been injured in an accident or incident caused by another party, you may be able to recover compensation for your damages. You need the help of an experienced Chicago personal injury attorney with a proven record of success.
At Meyers & Flowers Trial Attorneys, we will handle your case on a contingency fee basis. You will pay no upfront attorney fees or litigation costs. We will pay all upfront expenses associated with pursuing your claim, and you will owe us nothing until we have recovered compensation on your behalf.
Schedule a free consultation to discuss your claim. Call (630) 895-9554 or complete the brief form on our contact page. We look forward to meeting you, answering your questions, and explaining your rights. If we represent you, we will fight tirelessly to recover the full compensation you deserve.