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Navigating the aftermath of a personal injury, especially in construction accidents, can be overwhelming. Legal fees shouldn't add to your stress. At Korman Lynch Lustig & Sassower, we operate on a "No Win, No Fee" basis, but what does this actually mean for you? This model, also known as a contingency fee arrangement, is designed to reduce the financial risk to clients seeking justice. Here’s a closer look at how a no win, no fee works with lawyers.
Call us at (212) 732-4992 24/7 to arrange to speak with a personal injury lawyer about your case, or contact us through our website today.
A No Win, No Fee arrangement, a contingency fee agreement, is a financial structure between a client and an attorney where the attorney's fees are contingent upon the case's outcome. Under this arrangement, the attorney agrees to take on a case without requiring any upfront payment from the client for their services. Instead, the attorney's fees are only paid if they successfully obtain a settlement or a court award in favor of the client. Here's a breakdown of how it works:
Key Features of No Win, No Fee (Contingency Fee) Agreements:
Clients do not pay any legal fees upfront when entering a contingency fee agreement with an attorney. This makes legal services accessible to individuals who may not have the resources to pay for a lawyer out of pocket.
The attorney's payment is directly tied to the case's successful resolution. If the attorney fails to win the case or secure a settlement for the client, the client does not owe the attorney any legal fees.
The attorney's fees under a contingency fee agreement are typically a predetermined percentage of the client's settlement amount or court award. The client and attorney agree upon this percentage before the case begins.
Since attorneys only receive compensation if they win, they are likely to take cases they believe have a strong chance of success. This can benefit clients, as it implies an initial vetting of the case's merits.
This arrangement aligns the interests of the attorney and the client, as both parties benefit from a successful outcome. It motivates attorneys to work diligently to achieve the best possible result. If a lawyer is being paid for his time, rather than being paid for his results as in a contingency fee retainer, a client may wonder whether his attorney is doing unnecessary work or “dragging his feet” in order to create more billable hours. With our contingency fee arrangement, there is no such concern. The sooner we can obtain the best outcome for our client, the better for all.
No Win, No Fee (Contingency Fee) agreements provide a valuable pathway for individuals to pursue legal action without the barrier of high upfront costs. They democratize access to the legal system, allowing those who have suffered harm or injustice to seek compensation and accountability, even if they lack the financial means to pay for legal representation up front. As with any legal agreement, it's crucial for clients to fully understand the terms and ensure they are comfortable with the arrangement before proceeding.
At Korman Lynch Lustig & Sassower, we understand that potential clients are curious about the financial aspects of legal representation, particularly regarding contingency fee arrangements. One common question is whether attorneys charge a standard percentage for contingency fees. Let's address this important topic.
Our standard contingency fee is 33-1/3% of the net recovery. Significantly, such a fee structure is approved by the courts of the State of New York.
Ultimately, the contingency fee percentage is agreed upon by the client and attorney before taking on the case. This agreement is based on a mutual understanding of the case's demands and the fair compensation for the attorney's efforts, should the case be won.
At Korman Lynch Lustig & Sassower, we prioritize transparency and fairness in all our client engagements. We discuss the contingency fee arrangement with our clients, ensuring they fully understand and agree to the terms before proceeding. We aim to make quality legal representation accessible, allowing our clients to pursue justice without the burden of upfront legal fees.
We encourage you to contact us if you're considering legal action and are concerned about costs. We're here to discuss your case, explain our fee structure, and help you understand how a contingency fee arrangement can benefit your pursuit of justice.
Navigating legal challenges shouldn't be hindered by financial concerns. Let us guide you through your options and work together towards a successful outcome.
Choosing a No Win, No Fee lawyer, like those at Korman Lynch Lustig & Sassower, offers several significant benefits for clients, especially those facing the aftermath of personal injuries, including construction accidents. This client-friendly approach minimizes financial risks and makes legal representation more accessible. Here are the key benefits for clients:
The most apparent advantage is the elimination of financial risk for clients. The client does not owe any attorney fees if the case does not result in a favorable settlement or court verdict. This arrangement ensures that legal recourse is available to everyone, not just those with the means to afford upfront legal fees.
People who have suffered serious injuries – who may have medical expenses and be unable to work – generally do not need or want to have to worry about legal expenses in addition to their other problems. No Win, No Fee agreements democratize access to the legal system, ensuring that individuals can pursue justice and compensation for wrongs suffered, regardless of their financial situation. This opens the door for many who might otherwise be unable to afford the costs of hiring a personal injury lawyer.
Lawyers working on a contingency fee basis are highly motivated to win your case. Since their payment is contingent upon the success of your claim, they are incentivized to achieve the best possible outcome. This aligns the client's and the NYC injury lawyer's interests toward a common goal.
Law firms that offer No Win, No Fee arrangements are typically confident in their ability to select personal injury claims with merit and navigate them to a successful conclusion. This confidence is a good indicator of the firm's experience, offering peace of mind to clients that their case is in capable hands.
No Win, No Fee arrangements foster an environment of transparency and open communication. Personal injury attorneys are likely to be upfront about the prospects of a case, potential challenges, and the process involved, ensuring clients are well-informed from the outset.
Personal injury law firms working under this arrangement are more likely to act in the client's best interest, including giving honest advice about the case's viability, potential outcomes, and whether settling or going to trial is the best course of action.
Clients do not have to pay any upfront costs for legal services, including the initial consultation. This can relieve financial pressure when clients face medical bills and lost income due to injury.
Attorneys will thoroughly evaluate the merits of a case before agreeing to take it on a contingency basis. If a lawyer agrees to represent you, your case has been assessed as having reasonable likelihood of success.
Don't let financial concerns hold you back from seeking the justice and compensation you deserve. Korman Lynch Lustig & Sassower offers No Win, No Fee arrangements, empowering you to pursue your case with confidence and zero financial risk upfront. Our experienced team is committed to fighting for your rights and securing the best possible outcome for your case.
Contact us today for a free consultation, and let's take the first step towards your victory together.
"No Win, No Fee" means you do not have to pay attorney fees unless your lawyer wins your case or secures a settlement. If your case is not successful, you owe nothing in attorney fees.
Lawyers are paid a percentage of your compensation after your case. This percentage is agreed upon before the lawyer takes your case and is only paid from your compensation.
While you do not pay attorney fees if you don’t win, there may be other case-related expenses such as filing fees, obtaining medical records, or expert witness fees. The handling of these expenses should be discussed with your lawyer at the outset.
No Win, No Fee arrangements are commonly used in personal injury cases, including car accidents, construction accidents, medical malpractice, and workplace injuries.
The percentage can vary, typically from 25% to 40% of the compensation awarded. The exact percentage is part of the agreement between you and your lawyer and depends on factors such as the complexity of your case and the estimated costs of pursuing it.
Yes, you can switch lawyers if your current representation does not meet your needs. However, there may be costs associated with changing lawyers, and the terms of your agreement with your current lawyer will need to be considered.
Consider a No Win, No Fee arrangement if you are seeking legal representation for a claim but are concerned about the ability to pay legal fees upfront. This arrangement allows you to pursue justice without the financial risk. Discussing your case with a lawyer can help determine if this is your right approach. No win, no fee retainers are standard in personal injury claims.
Look for clarity on the percentage that will be taken as a fee, how other case-related expenses are handled, and your responsibilities as the client. Ensure that all terms are clearly outlined and that you understand the agreement fully before proceeding.
Korman Lynch Lustig & Sassower offers No Win, No Fee arrangements for some instances. We are committed to providing accessible legal representation and can discuss how this arrangement applies to your specific case during a consultation.
Contact Korman Lynch Lustig & Sassower to schedule a consultation. We’ll discuss the specifics of your case, evaluate its merits, and explain how a No Win, No Fee arrangement can work for you. Starting your case is as simple as reaching out to us and taking the first step toward seeking justice and compensation.
Call us at (212) 732-4992 24/7 to arrange to speak with a personal injury lawyer about your case, or contact us through our website today.
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