What is a Contingency Fee Agreement?

Contingency Fee Agreement

A contingency fee agreement means that there are no attorney fees unless we are successful in getting you compensation in your claim.

Personal injuries generally happen due to the reckless and negligent actions of others involved. Why should you be stuck having to pay out of pocket for the medical expenses, lost wages, and other damages that result? Our Ponca City personal injury attorneys help you get the compensation you are entitled to in a claim. We generally work under a contingency fee agreement, which means that there are no attorney fees unless we get you the compensation you deserve.

How Contingency Fee Agreements Work

Personal injuries can affect every area of your life. In addition to jeopardizing your health, being unable to work as a result puts financial strain on you and your family. Meanwhile, medical bills continue pouring in. Fortunately, you have the right to hold those at matka fault accountable through an insurance claim or personal injury lawsuit.

To ensure your rights are protected and that you get the maximum amount you need to recover, it is important to get an experienced Ponca City personal injury attorney on your side right away. However, the cost of hiring an attorney during what is already a difficult time could work in favor of the at-fault party by preventing personal injury victims from getting the legal help they need. Contingency fee agreements help to address this problem.

Under Title 5 of the Oklahoma Statutes, a contingency fee agreement allows you to avoid paying attorney fees unless we are successful in obtaining a settlement or court judgment in your case. Rather than charging upfront, it allows us to take a percentage of the final amount you receive, generally between 25% and 50%. This is automatically deducted and generally included as part of the overall amount of compensation we pursue in your case.

The Benefits of Contingency Fee Agreements

Whether you hire a personal injury attorney to negotiate with insurers representing the at-fault party or to file a personal injury lawsuit against them through the Kay County Court, contingency fees provide several important benefits:

  • They save you from having to pay attorney fees upfront, while you are still dealing with lost wages, medical expenses, and other costs associated with your injuries;
  • They reflect the confidence your attorney has in your case, as they would not likely work on a contingency basis otherwise;
  • They prevent you from having to pay out of pocket once your case is resolved;
  • They provide you with assurance that your attorney will fight on your behalf, as they do not get paid unless they get a successful outcome in your claim.

Find Out More About How Our Ponca City, OK Personal Injury Attorneys Can Help You

When you suffer personal injuries, you can count on Boettcher, Devinney, Ingle & Wicker to provide the professional legal representation you need. To find out more about how we can help you, call 580-765-9660 or contact our Ponca City personal injury attorneys online and request a consultation today.

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