Contingency Fees = You Only Pay if You Win
At TorkLaw, we work on contingency fees. This means we only take payment for our services if we obtain a settlement or court award for you. Our clients do not pay anything upfront to cover any costs for their cases. If we are unable to obtain a favorable outcome in your case, you will not owe us anything.
In other words, if we are unable to negotiate a settlement with the other party, and/or the case goes to trial and the judge or jury finds that the other party does not have to pay for your injuries, you do not owe us a dime for our legal services and representation.
What Are Contingency Fees ?
Our agreement with our clients is to provide them with legal representation in exchange for a predetermined percentage of the total compensation we obtain. These percentages will be detailed in the contract you sign, so there will be no surprises at the end of your case.
If TorkLaw takes on your case, the firm will advance all case costs, from beginning to end. If we don’t win your case or obtain a settlement in your favor, you will owe nothing. We’re that confident we will win.
Contingency fees level the playing field – allowing every individual, regardless of financial status, to obtain the absolute best legal representation available. It puts someone on your side to make sure you receive the compensation you deserve.
How Contingency Fee Percentages are Determined
The percentage paid to the attorney is determined by the merits of the case and will vary based on the stage at which the lawsuit resolves.
- Generally, if a settlement is reached before a formal complaint is filed with the court, the attorney will be entitled to a “first tier” percentage.
- If a formal complaint is filed, that percentage will increase.
- If the case still does not reach resolution, and a trial date is set for the case, the attorney’s fees may go up another level.
At first glance, attorneys’ contingency fees may seem high; however, studies show that injured victims receive more money when they are represented by a lawyer than if they try to handle the matter on their own.
If you’ve suffered a serious injury or the loss of a loved one due to someone else’s negligence, you deserve to be represented by an experienced personal injury lawyer who can obtain the compensation you need to put your life back in order.