Why Offer a Contingency Fee
How Our Contingent Fee Agreement Works For You
At Mayerson Injury Law, P.C. there is
no fee or cost to you until your case is resolved. This is called a Contingent Fee Agreement because our fee is contingent
upon our results. The larger the settlement, the more money we earn. So
our interests are almost always perfectly aligned.
Most, if not all, personal injury attorneys work on a contingency fee basis.
Most law firms charge 1/3 of the recovery if the case can be settled without
filing a lawsuit, and 40% if a lawsuit is necessary.
At Mayerson Injury Law, P.C. our standard fee is 1/3 prior to suit, and
40% after suit. However, we offer reduced fees for all children, and for
adults who suffer catastrophic losses where our work is limited to identifying
and collecting all available insurance coverage. These reduced fees start
at 25% and move up, depending upon the complexity of the case. A reduced
fee may be available for any case where the value of the loss greatly
exceeds the value of the available insurance coverage.
The Difference Of Working With Our Firm
When you hire a personal injury lawyer from our firm, you are the boss.
We provide information, opinions, predictions, and make recommendations.
But you decide whether to accept a settlement, or move toward trial. We
will explain the entire process to you, including the risks and benefits
of rejecting an offer of settlement, so that you can make an informed decision.
However, some personal injury lawyers out there may try to get you to settle
for less because they would prefer not to litigate cases. Some personal
injury attorneys may recommend a settlement because they have decided
never take a case to trial. Some personal injury lawyers will take a case
to trial, but have never filed an appeal with the Superior Court (appeals
are necessary if the trial court judge makes a mistake that impacts the
outcome of the case). At Mayerson Injury Law, P.C., not only are we trial
lawyers, but we also do appellate work to make sure your rights are fully
pursued and protected.
You Won't Find A Better Value
Regardless, you won’t find a better value at any other firm. At Mayerson
Injury Law, P.C., your case will be handled exclusively by an attorney
with at least 15 years of trial experience. It will not be secretly handed
off to a young associate attorney who just graduated from law school.
And because the insurance companies are familiar with our firm, they know
we will take a case to trial if a fair offer of settlement is not made.
Conversely, if you hire a lawyer who is afraid to take cases to trial,
or who does not specialize exclusively in personal injury law, the insurance
carrier is unlikely to offer the same amount of money as it would if you
were represented by one of our trial lawyers.
If you have any questions about our fee agreements,
please call. We can discuss what makes one case more complex than another. Often it
has more to do with the amount of available insurance verses the degree
of injury, rather than with the type of injury alone. In other words,
if we can settle your case quickly because the value of the loss so clearly
exceeds the value of the available insurance benefits, we will offer a
reduced fee. Regardless, we are professionals at identifying other, less
obvious pockets of insurance and/or methods to secure greater financial
compensation than may be apparent on the surface. Sometimes the coverage
is not obvious, and on some occasions we have been able to collect more
money from the insurance company than the amount of available coverage
in any given insurance policy because the insurance carrier has conducted
itself in bad faith.
Why Corporate America Hates Contingent Fee Agreements
Corporate America, and specifically the Insurance Industry and other wealthy
organizations, peddle the idea that Contingent Fee Agreements are unethical
and only exist to benefit greedy trial lawyers willing to work for nothing
until a case is resolved. Their lobbyists on Capitol Hill suggest that
the percentage a lawyer may charge a client on a contingency fee agreement
should be reduced and capped at an amount less than 1/3 of the recovery.
Indeed, some have argued that Contingent Fee Agreements should be made
illegal to stop the greed of trial lawyers.
Don’t be fooled. The true goal of these special interest groups is
to eliminate YOUR ability to secure legal representation. Most ordinary
people simply can’t afford to hire a lawyer on an hourly basis,
particularly after being rendered disabled after a motor vehicle collision.
Moreover, personal injury lawsuits can take months, if not years to resolve.
Most law firms that charge by the hour require their clients, usually
wealthy businesses in the corporate world, to pay large Retainer Fees
(advance billing for work to be performed in the future). Retainer fees
are usually at least $5,000. After the attorney exhausts the retainer
fee, the client is billed monthly. Litigation expenses, i.e. costs, can
be thousands of dollars, and this is in addition to the attorney’s
hourly rate. And most attorneys working on an hourly rate will charge
between $225 per hour, and $450 per hour, depending upon their level of
A Contingent Fee Agreement enables the average middle class family to secure
quality legal representation without being forced to take out a second
mortgage on their home. Without the ability to hire a lawyer on a contingency
fee basis, most people would simply be unable to secure legal representation.