What Does it Mean for Our Lawyers to Handle Your Case on a Contingency-Fee Basis?
As a personal injury law firm, we represent our clients on a contingency-fee basis. In this article, we will explain what that means and why it is important for your case.
1. No Fee Unless We Win
When a lawyer represents you on a contingency-fee basis (or “on contingency”), this means that you will not be required to pay any legal fees unless your case is successful. In other words, your lawyer’s payment is “contingent” upon the success of your case. Success could mean a settlement through the insurance companies or a verdict in court; but, either way, it means that you receive financial compensation for your injury-related losses.
2. Advanced Costs
In personal injury cases, we also advance all of the costs involved in pursuing a financial recovery. Depending upon the facts involved and the length of the case, these costs have the potential to be substantial. We will pay your court costs, investigator fees, expert witness fees, copying fees, and any other expenses so that you do not have to worry about coming up with the money to fund your case while your claim is pending.
3. Settlement or Verdict
If your case is successful, you will receive financial compensation through either a settlement or a verdict. When you receive a settlement offer, it is up to you to decide whether to accept or push for more. Our attorneys will discuss your options with you and help you understand your chances of securing additional compensation at trial so that you can make an informed decision about when to resolve your case. At this point, we will also discuss your legal fees and costs with you so that you know exactly how much you can expect to take home.
4. Payment of Legal Fees and Costs
Once you accept a settlement or receive a verdict, then our firm becomes entitled to payment. Our legal fees will be calculated as a percentage of your award, and we will recoup our actual costs incurred in pursuing your case. Personal injury awards are not taxable, so you don’t have to worry about deducting these fees and costs to determine what you owe the IRS in April.
5. Full Compensation for Current and Future Losses
When you file a personal injury claim in Colorado, you are entitled to seek full compensation for all of your injury-related losses. This includes current and future medical expenses, loss of income, pain and suffering and other forms of financial and non-financial harm. In order to calculate these losses, you will need to work with an experienced attorney, and you will need to obtain a diagnosis from a physician who specializes in treating patients with traumatic injuries. While it is true that you could avoid legal fees and costs by handling your claim on your own, the reality is that, without legal representation, you are likely to receive far less than you deserve.
Get Started With a Free Initial Consultation
If you have been injured in an accident in the Denver area and would like more information about how our attorneys can help you seek a financial recovery, we invite you to contact us for your free initial consultation. To speak with an experienced personal injury attorney at Levine Law in confidence, please call 303-333-8000 or submit your case online today.