If you’ve been injured in an accident, the last thing you want to worry about is how to afford a lawyer. That’s where contingency fees come in—a payment structure designed to give everyone access to legal representation, regardless of their financial situation.
Let’s break down how contingency fees work, what you can expect, and why it benefits you as a personal injury client in New York.
What Is a Contingency Fee?
A contingency fee means your attorney’s payment is “contingent” on winning your case. In simple terms:
- You don’t pay anything upfront
- You only pay if your case is successful
- The fee is taken as a percentage of your settlement or verdict
Typical Contingency Fee in New York
In most New York personal injury cases, the standard contingency fee is:
- 33⅓% (one-third) of the final settlement or court award
This rate may vary slightly depending on the complexity of the case or specific agreements, but it’s common and regulated under New York law.
What’s Included in the Contingency Fee?
The fee typically covers:
- Attorney consultations and advice
- Legal research and case preparation
- Negotiations with insurance companies
- Filing legal documents
- Trial representation (if necessary)
In most cases, you don’t pay out-of-pocket for legal work as your case progresses.
What About Case Expenses?
While the contingency fee covers legal services, there are often additional costs involved in handling a case, such as:
- Court filing fees
- Medical records requests
- Expert witness fees
- Deposition or court reporter costs
Some law firms will front these costs and deduct them from your settlement once the case concludes. Be sure to ask whether:
- Expenses are included in the contingency fee
- They’re reimbursed only if you win
Why Contingency Fees Are Client-Friendly
- No financial risk if the case is lost
- Ensures attorneys are motivated to win
- Gives injury victims access to high-quality legal representation
You and your lawyer are aligned with one goal: securing the maximum compensation possible.
Questions to Ask at Your Initial Meeting
- What percentage is your fee?
- Will I be responsible for any costs if we lose?
- Are there any upfront or hidden fees?
A reputable attorney will be transparent about all terms and put them in writing.
You Don’t Pay Unless You Win
Contingency fees make it possible to pursue justice and compensation without worrying about legal bills. It’s a low-risk, high-value way to protect your future after an injury.
Have questions about legal fees? Let’s talk.
Contact the Personal Injury Law Firm of Figeroux & Associates
Schedule a free consultation today!
Call 855-768-8845
Visit www.askthelawyer.us
