You might have heard about a contingency fee before, but we’ll delve into how it applies to car accidents here. Getting injured in an accident can take a toll on your emotional and physical well-being. Therefore, you must get fairly compensated if you’re injured due to a negligent third party. You can file a claim against the liable party for personal injury, property damage, and other losses as per the state laws in Nevada.
If you were wronged by a negligent driver, you can file a personal injury claim against the liable party, and our team of Las Vegas personal injury lawyers, at Las Vegas Lawyers 360, can ensure that you get aggressive legal representation and fair compensation.
Worried about paying us for our services?
You can set up a contingency fee arrangement with our lawyers and not have to worry about anything!
What Is A Contingency Fee Arrangement?
A contingency fee arrangement is a financial agreement between a lawyer and their client where the lawyer gets paid only when the client wins compensation for their personal injury, property damage, or similar claim.
The compensation amount is decided based on the circumstances of your accident and the total losses you faced. Your Las Vegas auto accident lawyer will agree upon receiving a certain percentage of the amount you’ll recover when taking on your case.
In short, you won’t owe your lawyer any monetary compensation for the time they spent working on your case until you get a settlement.
How Does A Contingency Fee Work?
A contingency fee arrangement is quite simple and the terms can be decided by the client and the lawyer working on the case. Most legal firms in Nevada rely on contingency fees as they take on the risk of their clients winning the personal injury claim.
Depending upon your accident, your lawyer can help you receive more than a fair amount for your losses, this means that they also end up receiving a higher fee. Your lawyer will be getting paid based on the settlement amount as a contingency fee (the percentage will be higher for high-value cases) only involves payment after winning the case.
Are Contingency Fees Mandatory In Las Vegas, Nevada?
No, contingency fees are never mandatory. It’s simply an agreement you make that only involves you and your lawyer. You can choose to pay your lawyer by the hour or reach a contingency arrangement with them.
A contingency fee arrangement is just a payment option available that can be beneficial for both the client and the lawyer.
There are limitations too – you’ll be paying much more in attorney fees.
But the best part is that you can pursue your case without any upfront payments!
Benefits Of A Contingency Fee Arrangement For Car Accident Cases
There are many benefits of a contingency fee agreement for both the client and the lawyer. You don’t have to pay any amount in advance because it all depends on the lawyer winning the case.
However, this is especially beneficial in personal injury claims such as a car accident case, because you’re filing your claim to receive compensation. If you don’t reach positive results with the case, you won’t have to pay your lawyer.
Your lawyer gets paid only when they help you win the case and receive the settlement money. The fee arrangement decides that the lawyer only receives a specific percentage of the amount they help you get.
This arrangement works for both parties involved as you’re never sure if you’ll be fairly compensated after a personal injury claim. It depends upon when, where, how, and why the accident occurred that led to you getting injured.
Your Las Vegas personal injury lawyers will take on your case only when they are confident about the facts of the claim and expect to win. They have to prove your claim and make sure the negligent party pays for the damages (and thus get paid themselves as well).
Rules For A Contingency Fee Arrangement With A Las Vegas Auto Accident Lawyer
When signing a contingency fee agreement, you have to consider all the rules of the arrangement and ensure they are followed by everyone involved. The state of Nevada has put together detailed and articulate professional conduct rules that apply to every attorney. So, when your personal injury lawyer agrees on a contingency fee plan, they must obey the following rules:
- The attorney must put together the rules and terms of the agreement in writing.
- The client must understand the terms and sign the agreement before pursuing legal action.
- Every contingency fee agreement should be referred to as being a fallback option and it must be clearly stated that it’s a contingency fee arrangement.
- It should be stated whether the client is legally bound to pay any circumstantial amounts after the case ends and you get your results.
- The contingency fee settlement must inform the client that they might have to pay for the third party’s fees if the case ends up being lost.
- All arrangements must be made understood to anyone involved and signed by all parties.
- The signed copy of the arrangements must be submitted to the appropriate authorities.
Both the client and the lawyer have the right to question the terms of the arrangement if there’s ever a conflict. The Nevada legal conduct laws are designed to make sure that all contingency fee arrangements are fair to both parties.
Reach Out To Our Competent Las Vegas Personal Injury Lawyers For Your Case Without Any Upfront Payments!
If you’re ever involved in an accident, you have the right to demand compensation for your losses; it is best never to rush these matters though. Be sure to discuss the settlement offer with your legal team to see if you’re receiving a fair amount.
At Las Vegas Lawyers 360, our Las Vegas auto accident lawyers will create a solid foundation for your car accident claim so that you can receive fair compensation. And we’ll do it all without any upfront payments – on a contingency fee basis.
Reach out to us now for free legal consultation for your case!