Contingency Fee Arrangements: How They Level the Playing Field with Insurance Companies

Getting into a car accident or suffering any kind of personal injury is a challenging experience, no matter the details. Still, dealing with insurance companies is one of the worst aspects of the situation. While they are prepared to work against you, you don’t have to go against them alone. With contingency fee lawyers on your side, you will be equipped with the tools necessary to confidently approach your case without worrying about common financial barriers. Take a closer look at the benefits you can enjoy with a contingency fee arrangement in your personal injury case.

What is a Contingency Fee Arrangement?

A contingency fee arrangement is when a lawyer only charges for their services if they win the case for the client. If they are unable to win, the client does not have to pay. This fee structure not only ensures that winning is in the lawyer’s best interest, but it also means that the client will be able to afford the fee, as it is a percentage rate of the lawsuit winnings. Lawyers typically use a formal agreement, a contingency fee contract, with the client. Depending on the case and circumstances, the contingency fee can range from 20 percent up to 40 percent. The most common percentage of contingency fees lawyers take is 33% of the winnings.

Benefits of Contingency Fee Arrangements

Contingency fee arrangements come with a lot of benefits that you wouldn’t be able to enjoy otherwise, including:

  • Access to Justice: The contingency fee arrangement removes typical financial barriers to quality legal services. That means anybody can pursue justice no matter how wealthy they are. This is especially useful since insurance companies opposing your personal injury case will have experienced lawyers on their side.
  • Alignment of Interests: A contingency fee agreement forces an alignment of interests, as both the lawyer and the client personally benefit from winning the case.
  • Risk Mitigation: Since the contingency fee relies on winning the case, there are no legal fees if the case is lost. This removes the financial risk of hiring legal help, so there is no reason to try to take on the insurer yourself.

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How Tom Ueberschaer Uses Contingency Fee Arrangements

At Thomas J. Ueberschaer, P.A., we take on personal injury cases on a contingency fee basis, so you will only owe us something if we win your case. This is a basic aspect of our operations because we firmly believe everyone deserves access to legal representation. Insurance companies are massive juggernauts with extensive resources, and their business model relies on them denying as much compensation as possible. Our law firm makes it possible for anyone to fight back and pursue fair compensation after an accident, as many clients in the past have done successfully. When you work with us, you never have to worry about upfront costs or any surprise costs from the initial consultation onwards. Remember, you only pay if we win.

Seek Justice Without Financial Barriers

If you have suffered a personal injury, you deserve a chance to pursue justice. With help from Thomas J. Ueberschaer, P.A., you can take on big insurance companies without worrying about typical financial barriers. Our contingency fee arrangement removes upfront costs entirely and requires our team to win your case if we want to see any payment at all. With our aligned interests, we can work together to take on insurance juggernauts and pursue the compensation you deserve. Contact us today by calling 850-741-7381 or filling out our online contact form to schedule a free consultation.