Contingency Fees in Personal Injury Actions

After an accident or incident that causes injuries, financial security is a major concern for many families. Added medical expenses, lost income, and continuing monthly expenses present unique issues that many families cannot financially adjust to. In addition, many individuals injured in accidents seek assistance from personal injury litigators. However, these individuals cannot afford the advice and representation they receive. This is a common occurrence in personal injury actions in the state of West Virginia and throughout the United States.

Personal injury lawsuits are costly. They often require extended litigation, especially when a case proceeds to trial. Fortunately, most personal injury cases are taken on a contingency fee basis, which minimizes the expenses involved in a personal injury claim. When it comes to an accident or incident, you need competent representation that will get you the compensation you deserve. If you or your loved one has been injured in an accident or incident, contact Colombo Law today for assistance with your claim.

What is a Contingency Fee?

When a case is taken on a contingency fee basis, an attorney agrees to take your case without recovering any amount of monetary compensation up front to obtain representation. The attorney who takes on the claim for you or your loved one will only recover funds if you win your lawsuit against the wrongful or negligent party. This is beneficial to all parties involved. The contingency fees is deducted from the total amount of the settlement or jury award received.

What is the Average Amount of Contingency Fees?

Contingency fees vary depending on the firm from which you seek assistance. Contingency fees in the state of West Virginia must comply with the Rules of Professional Conduct. On average, the contingency fee rates vary from between 33% and 40% of the amount recovered. Contingency fees are collected as a payment for services rendered and do not include additional expenses for other services like expert who are necessary in your matter. The amount of the contingency fee will typically be set forth in your contingency fee agreement. Any specific questions you or your loved one has regarding a contingency fee should be discussed with an attorney and agreed upon before entering into the contingency agreement.

Colombo Law: Experienced Personal Injury Litigators

When you have been injured in an accident or incident in West Virginia, you deserve compensation. The attorneys at Colombo Law want your primary focus to be your health and maintaining financial security. At Colombo Law, we handle cases on a contingency fee basis.

Our office is a full service personal injury law firm that wants to make the process as simple as possible while obtaining the amount of compensation you and your loved ones deserve. We assist clients located in and around West Virginia including in Morgantown, Fairmont, Clarksburg, Bridgeport, Kingwood, Grafton, Weston, Philippi, Buckhannon, Elkins, Parkersburg, as well as Monongalia, Marion, Harrison, Preston, Taylor, and Lewis county. For a no-risk initial consultation, contact Colombo Law today.

by Colombo Law
Last updated on - Originally published on