Shreveport Injury Lawyer > Blog > Injury > What Is A Contingency Fee?

What Is A Contingency Fee?

When you decide to hire a lawyer, there are different ways they could be compensated. Many personal injury lawyers work on contingency fees. A contingency fee means the legal work is paid out of the financial settlement provided by an insurance company. Or if the claim becomes a lawsuit, the pay is taken out of the financial amount that is court awarded. Because the lawyer fees are distributed once the settlement is secured, there are no lawyer costs in advance. This can be helpful for accident victims who do not have funds to spare.

No matter how you were injured, its important to connect with a Shreveport injury lawyer. Working with a lawyer can strengthen your ability to secure the highest settlement amount possible. Don’t worry if you think you can’t afford a lawyer, contingency fees mean a lawyer won’t get paid unless you do.

The Complexity of the Case and Litigation Costs

Your lawyer fees are contingent upon success when you work with a lawyer paid with contingency fees. In the beginning of your relationship, you and your attorney will agree on a percentage the lawyer will take once recovery damages are awarded.

Litigation costs vary but can include a variety of charges, including filing fees, transcription costs, fees for expert witnesses, and charges associated with securing copies of records and documents. How these charges will be handled should be discussed upfront, including if the contingency fee percentage is calculated before or after litigation costs are taken into account.

Do you have questions about contingency fees? Talk to the personal injury lawyers at Rice & Kendig. We truly care about our clients and devote our knowledge, skills and resources toward securing a great result every time. You do not need to navigate complicated negotiations on your own. Together, we can achieve success. Contact us today at 318-222-2772 to schedule your free consultation.

By Rice & Kendig, LLC | Posted on June 16, 2021

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Recent Results

$5,100,000

Motor Vehicle Collision

Client’s motorcycle was hit by a car leaving him in the ICU with facial injuries, arm injuries, and amputation of one leg.

$1,996,460

Motor Vehicle Collision

Client was rear-ended while sitting at a stop sign. Neck and back injuries resulting in headaches and disability. Neck injury required surgery.

$1,855,500.80

Motor Vehicle Collision

Defendant driver’s failure to stop at a stop sign caused a collision injuring the client’s leg and ankle (required surgery), knee, hip, back, and chest. The airbags deployed, causing airbag injuries.

$1,800,000

Medical Malpractice

Inadequate life-saving staffing at emergency C-section resulted in child with cerebral palsy, spastic quadriplegia, and developmental delays.

$1,500,000

Motor Vehicle Collision

Client was hit head-on by a delivery truck sustaining injuries to the knee, hand, neck, and back. Neck injury required surgery.

$1,400,000

Workplace Injury

A piece of loading equipment fell on client causing spinal injuries resulting in partial disability.

$1,375,000

Pedestrian/Motor Vehicle Collision

Client sustained injuries to head, leg and wrist. Client’s broken leg required surgery. In addition, client sought treatment with a neurologist for his head injury and cognitive issues.

$1,151,000

Pedestrian/Motor Vehicle Collision

Client was struck by a vehicle in a gas station parking lot. Client suffered head and brain damage resulting in memory loss.

$1,000,000

18-Wheeler Collision

Client was rear-ended by a drunk driver of an 18-wheeler causing client to suffer short-term memory loss and injuries to the head, neck, shoulders, and back.

$1,000,000

Insurance Bad Faith

Insurance company refused to pay for hail damage to a commercial property.

$1,000,000

Premises Liability

Fall at a hotel convention center caused hand, neck, and low back injuries resulting in a 7-year recovery period.

$1,000,000

Motor Vehicle Collision

Client was hit by a commercial vehicle that ran a stop sign. Injuries to the knee, neck, and back requiring interventional pain management.

$987,610.32

18-Wheeler Collision

Client was rear-ended multiple times by a big rig causing PTSD, spinal injuries requiring spinal fusion surgery, physical therapy, and counseling.

$987,525.93

18-Wheeler Collision

Logging truck’s failure to yield caused client to suffer fractures in the arm and leg, amputation of 3 toes, and shoulder injuries.

$950,000

18-Wheeler Collision

Client was hit by a delivery truck and the vehicle rolled over. Client’s injuries included six broken ribs and a neck injury requiring extensive medical treatment.

$950,000

18-Wheeler Collision

18-wheeler driver turned left, without the protection of a green arrow, in front of client. The collision caused injuries to the hand, neck, shoulder, low back, hip, foot, ankle, and eye.

$800,606.26

Motor Vehicle Collision

A defendant driver turned left, without the protection of a green arrow, into client’s vehicle causing a collision that resulted in a severely broken leg that required immediate surgery, post-traumatic stress disorder, loss of independence, and loss of job.

$800,000

Motor Vehicle Collision

Head-on collision that left client with back and neck injuries as well as seat belt injuries. Client’s recovery was lengthy and included physical therapy and injections.

$750,000

Wrongful Death/Medical Malpractice

Child suffered fatal injuries due to complications with anesthesia.

$685,000

Premises Liability

Client sustained two broken legs from a fall over an unreasonably dangerous tripping hazard.

$665,000

Motor Vehicle Collision/Wrongful Death

Client went to the aid of a vehicle accident victim and was struck and killed by a passing vehicle.

$663,000

Motor Vehicle Collision

Client was backed into while on the job at an oil field site. Collision resulted in numerous back and neck injuries requiring surgeries.

$650,000

18-Wheeler Collision

18-wheeler driver was rear-ended by another 18-wheeler causing headaches and neck injury.

$625,000

Motor Vehicle Collision

Head-on collision led to wrist and hand injuries that required surgery, seat belt injuries, pain in the neck, sternum, pelvis, abdomen, shoulder, and back, and post-traumatic stress disorder.

$550,000

18-Wheeler Collision

Client was rear-ended by a big rig causing low back and neck pain; physical recovery and treatment included injections, physical therapy, and counseling.