L&I attorney fees in our law firm and in most workers` compensation companies are based on a contingency fee agreement. Conditional attorneys` fees mean that we are only paid if we get you money. Conditional attorney fees mean that no recovery results in attorneys` fees. If there is money for you, the lawyer`s fee is a percentage of the money that the lawyer claims from you. If a contingency fee agreement is offered to you, it is in writing, read it. No matter how confident you are in your new lawyer, carefully read any fee agreement presented to you. Any questions. You know what the agreement is? That is what we can do. Most fee agreements are structured in such a way that your lawyer earns more money, the longer the case takes to settle. Another big question.
Let`s take a hypothetical 100K prize that you will win after the trial, and according to your agreement, your lawyer takes 40 percent. Your lawyer also spent 5K preparing for the case. Now imagine two different types of spending rules: “from above” and “from below.” The most important way to benefit from a possible fee agreement for a lawyer is for the lawyer to be rewarded for recovering the highest possible compensation on behalf of the client. As has already been said, the acceptance of an unfair transaction offer from the insurance company means that the lawyer also accepts a reduction in fees. A qualified attorney for bodily injury will fight to get the best possible outcome, so that both the client and the lawyer end up receiving more money. If you hire a lawyer, the fee agreement submitted to you gives details of the lawyer`s fees and application fees. Read it carefully. Any questions. You know your rights. In principle, yes, but if it were so simple, your fee agreement would have been 2 sentences and not 2 pages.
What else is there? There are also several other ways, as a possible fee agreement is beneficial for customers. First, a possible fee agreement motivates the lawyer to achieve the best possible outcome for the client. If the lawyer cuts corners or the case for less than it can ultimately be worth, the lawyer also receives a reduced fee for his services. Leaving money on the table is bad for both the lawyer and the client, which motivates the lawyer to only settle the case if the insurance company has made a fair offer. . . .