Usually, you will have some money set aside for lawyer fees when involved in legal issues. Unfortunately, this is not the case when involved in accidents. Thankfully, the best personal injury lawyer Toronto can have an arrangement where you pay his/her fees after your case is settled, and you get some compensation. This is a contingency fee arrangement where the payment for legal services is contingent on receiving your settlement. Below are the contingency fee arrangements you can pick for your case.
Fixed percentage fee
Here, the fees your attorney will receive remain unchanged throughout your legal proceedings. For instance, if you are injured at work, and your compensation is denied, you can hire the best personal injury lawyer Toronto to appeal your case. Since the case here is straightforward, you can agree on paying a fixed percentage of the compensation as legal fees.
Graduated or staged fee
Here, an attorney gets a percentage of your compensation based on the stage of resolution of your case. This means the fee varies according to the point at which your lawsuit will be settled; either before, during, or after the trial. Usually, the percentage will be lower if your case does not go to court than when you are subjected to the entire court process.
Partial contingency fee
Here, the contingency fee will cover a part of your legal fees. You will pay some fees out-of-pocket after your case is successfully concluded. This often applies to claims with high risk when the lawyer expects the defendant to put up a spirited fight that might cause you to lose.
With the above contingency fee arrangements, you can pursue a personal injury case even without cash. You can expect the best personal injury lawyer Toronto to put his/her best foot forward when handling your case. This is because his/her legal fees also depend on winning the highest compensation for you.
Tuesday, February 21, 2023
Types of Contingency Fee Arrangements by the Best Personal Injury Lawyer Toronto
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