Many personal injury attorneys work on what’s called a contingency fee agreement. This means that you do not pay a retainer fee or an hourly rate to your attorney. You simply sign the agreement with the attorney, and you’re hired as a client.
Attorneys working on a contingency fee get paid like this: If you secure a settlement, your attorney takes part of the settlement. If your case goes to trial, your attorney takes part of the awarded money. At Premier Law Group of Seattle, we typically charge one third of your settlement, and if your case goes to trial, we charge 40%. If we don’t win, we don’t get paid. It’s that simple.
A third of your settlement may sound like a lot, but consider this: Research by the insurance industry found that those who hired a lawyer to help them on their personal injury case received, on average, 3 1/2 times more than those who pursued their case on their own. This means that by hiring a lawyer, even after the contingency fee, you stand to receive, on average, more than double in compensation for the injuries and loss you have sustained.
Don’t sign anything before speaking with an attorney!
As soon as you report your claim, the insurance company will pressure you into signing a release form. DO NOT DO THIS. You could be signing away thousands of dollars that you will need to cover your medical bills, time away from work, and other losses. It is vitally important that you speak with an Seattle injury attorney before signing anything the insurance company sends you. You should also be wary of speaking to an adjuster. While they may take a friendly tone, they are looking for ways to twist your words to avoid paying you for your injuries and losses. An attorney experienced in personal injury cases like yours can give you guidance about what is okay to sign and what isn’t. A good personal injury lawyer will deal with the insurance company for you, so you can focus on getting better.
If you have questions about this process, please give us a call at 206-285-1743.