Being injured in a motorcycle accident is often a tragic event that can have life-long adverse consequences. As such, hiring an injury lawyer for representation in such a case is often a necessary decision. By learning how to compare injury lawyers in your area, making an informed choice will be achievable.
Contingency Basis Versus Up-Front Payment
For those who don’t have the up-front capital to pay an attorney, a contingency agreement is often the only option available for obtaining representation. On the other hand, if you do have capital available, it may be financially advantageous to avoid a contingency agreement. A contingency agreement often allocates up to 33% of the settlement amount to pay for the attorney’s services. A large settlement may warrant the cost of the initial investment on your part to avoid the cost of a contingency agreement. Be aware that a contingency only applies if you win the settlement. According to Attorneys, “Personal injury lawyers may charge you either an hourly rate, or they might take your case on a contingency basis. Taking your case on a contingency basis means that the lawyer will only get paid if you get a monetary award. His or her fee will be calculated as a percentage of your award. If he or she bills hourly, you will pay for the time spent on your case regardless of its outcome.”