Tennessee Personal Injury FAQ – What is a contingency fee?

20 February 2012 Categories: All Blogs, Car Accident, Personal Injury

For many car accident and personal injury lawyer advertisements, you will hear attorneys say that they don’t get paid until you do. You may wonder how this works exactly. The rules of ethics for lawyers in Tennessee allows lawyers to accept certain cases on a contingency fee basis. This means that the lawyer will charge little to no fee up front, and the payment will be based on a percentage of the amount recovered. One of the most common areas the contingency fee option is used is in a car accident or personal injury case. When injured, many people would have no way to pay attorneys fees up front, so the clients reach an agreement with their attorney to pay them a percentage of any payments paid to the client by the opposing party. This fee is usually between 33% and 50%, depending on the type of case and at what stage the client obtains the money (whether settlement, after trial, or after an appeal).

McNulty & Associates offers free consultations regarding personal injury and car accident cases, and we accept many of these type of cases on a contingency fee basis. Contact us today if you believe you have a case!

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