Boca Raton Personal Injury Lawyer Works On Contingency; Payment Rendered Only If Winning Cases
Lawyers who work on a contingency basis, instead of billing by the hour, will only be paid if their clients collect. This translates into more income for the attorney if they work harder for their clients because the harder they work for the client the more money they will collect for them and themselves.
Many Florida personal injury attorneys and medical malpractice firms understand that most clients don’t have the means to pay for their fees – that sometimes fall in the $35,000 to $100,000 range – making contingency work a perilous industry model. Attorneys can minimize the risk in a number of ways.
A lawyer can minimize their risk of working for nothing by becoming more selective in the client’s he/she chooses to represent. According to one source, the cost is anywhere between $50,000 and $100,000 to try a medical malpractice suit and some lawyers will turn down approximately 29 out of 30 potential clients who believe they have a good case.
A Boca Raton personal injury lawyer says he knows it’s hard to turn down some cases because they are real people who have heart-breaking stories about how they have been injured, however it is the nature of the business.
When an attorney interviews potential clients, they want to be reasonably certain they can get a claim and compensation for their clients. And since these cases are especially risky if they go to trial, lawyers usually try to settle out of court.
For example, a Boca Raton personal injury attorney could have represented a woman injured in a car accident while she was working; and perhaps she did not realize how serious her injuries were until after the accident, but the medical records would show just how serious the injuries were.
Maybe this client is willing to settle for $50,000 or $75,000 but the insurance company disputes the validity or the seriousness of the injuries and so the lawyer will take the claim to court and let a jury decide. In one such similar example, a jury awarded an injured man $2.3 million and his attorney received one third of that. Sometimes attorneys need to take chances in front of a jury and they get lucky, other times they would have been better off settling out of court, it all depends on the jury.
