Effective Techniques To Reduce Contingency Fees of Personal Injury Lawyers
The Personal Injury Lawyers in Lindsay work on contingency basis. You are only required to pay your lawyer either after a fruitful settlement negotiation or favorable verdict during a lawsuit. Your lawyer may end up gaining nothing in the event of an unfavorable outcome. On the other hand, your lawyer may gain 33%-40% of the awarded compensatory amount in the event of a favorable outcome. The tricks of reducing the amount of contingency fee are as mentioned below.
An Effective Negotiation
You may have performed the investigation of your accident and have obtained all the pertaining documents beforehand. You may also have preliminarily negotiated with the insurance company. Your Personal Injury Lawyer in Lindsay will be exempted from performing these tasks. This may give you the opportunity to ask your lawyer for a reduced amount of contingency. In order to convince your lawyer for a reduced contingency fee, you are required to bring all the necessary documents to your initial meeting. You may convince your lawyer with the suitable documents presented in front of him/her. Your lawyer may not consider your investigation or documentation to be appropriate as per legal standards. It is your job to convince your lawyer. Some structured fee agreements will also help you reduce the amount of contingency-fee.
Nothing but Settlement
You may ask your Injury Lawyer Lindsay to resolve your case only through settlement negotiation. In the absence of a trial, your lawyer will end up receiving a 25% contingency fee instead of a 33%-40%.
Reduced Fee up to a Certain Amount: You may ask your lawyer to accept 25% contingency fee up to a certain amount during settlement negotiations. Your lawyer may charge you with the usual fee in the event of higher reimbursements.
Hourly Payments during Settlements: You may agree to pay your lawyer on an hourly basis during settlement negotiations. You may switch the fee to a contingency arrangement in the absence of a satisfactory settlement negotiation.
The Presence of "Threat" Factor: The defense Injury Lawyer in Lindsay presenting the insurance companies often demands steeper fees on an hourly basis. If you have a strong case with irrefutable evidences, the presence of a lawyer may drive the defendant’s insurance adjuster toward quick settlement. The adjuster may do this to limit the escalating legal costs of the insurance company. You will be required making an hourly agreement with your lawyer in a time like this. This will save you from paying the usual one-third contingency fee to your lawyer.
Hiring a Lawyer for Advice Only
You may hire a lawyer only for his/her judicial guidance. You may use this advice to prepare yourself for settlement negotiations, appearances in small-claims courts or arbitration. You may also use this advice to protect your rights under the state’s statute of limitations during a lawsuit. In this scenario, the lawyer will not represent you directly either in front of the insurance company or in the Court of Law. You will be responsible for representing yourself in every scenario. For more information visit Our Website