When it comes to accidents, whether they’re car accidents, slip and fall accidents, or any other type of accident, there’s always the potential for personal injury. If you or someone you love has been injured in an accident, you may be wondering how compensation works for a personal injury lawyer in Brandon, FL. The answer depends on many factors, but there are two major ways that lawyers typically get paid: through a retainer or on a contingency basis.
A retainer is a type of upfront payment that is made to the lawyer. This allows the lawyer to then begin working on the case. Contingency fees, on the other hand, are only paid if and when the lawyer is able to win the case. If you are interested in learning more about how compensation works for personal attorneys in Brandon, FL, read on.
Retainer Fees
As stated above, a retainer is a type of upfront payment that is made to the lawyer. This fee is typically paid before any work on the case begins. Once the retainer fee is paid, the lawyer will begin working on the case and will continue to bill against the retainer until it is exhausted.
If you have ever hired an attorney before, you may have been asked to sign a contract that outlined the terms of your agreement, including the retainer fee. In some cases, the retainer fee may be refundable if it is not used. However, it is important to keep in mind that some attorneys require a non-refundable retainer fee.
Contingency Fees
A contingency fee is only paid if and when the lawyer is able to win the case. The percentage of the recovery that goes to the lawyer varies depending on state law and also depends on how difficult it was to win the case. For example, if your personal injury case settles quickly without going to trial, you may owe your attorney a lower percentage than if your case went all the way to trial and required many hours of work.
In most cases, lawyers who work on contingency only get paid if they are able to recover money for their clients through settlements or verdicts. If no money is recovered, then the client does not owe anything to the lawyer. This can be beneficial for clients who do not have the funds available to pay a retainer fee upfront.
There are two major ways that lawyers typically get paid: through a retainer or on a contingency basis. If you have suffered from a personal injury accident and are looking for a personal injury attorney in Brandon, FL, contact Bulluck Law Group today. Our experienced team of attorneys can help you get started on your claim and fight for the compensation you deserve.