Most medical malpractice and personal injury cases are handled on a contingency fee agreement. This is a fee arrangement where an attorney or firm agrees that the payment of legal fees will be contingent upon the successful outcome of the case. Typically, a contingency fee will be a percentage of the proceeds obtained by the client due to the litigation or settlement, or it may be the amount of attorney fees accrued but not billed to the client until the successful conclusion of the case.
The specific arrangements for a contingency fee case are stated in a fee agreement. You should always read the fee agreement or engagement letter carefully so you understand how you will be billed.
Our firm receives a percentage of the financial recovery made by the client as a result of the prosecution of the case. We generally don’t expect the client to pay any of the expenses of developing the case until a recovery is made.
Expenses are reimbursed from the settlement. The costs incurred in a case aren’t included as part of the percentage set aside to the attorney as his or her fees. The case-related expenses are a sum that’s separate and apart from the attorney fee. The expenses incurred in pursuing the case are deducted from the settlement or judgment.
Practice standards in the code of professional responsibility by the American Bar Association and the Michigan State Bar Association provide that expenses are first subtracted from the settlement or judgment. Then, the balance of the settlement or judgment is the amount used to figure out the percentage paid to the attorney in fees.
Some typical types of costs in your case are:
When choosing a personal injury legal team, find one who’s compassionate and committed to your needs and goals. Call an experienced, empathetic litigator who will fight for your rights at Buchanan Firm. We offer a free consultation and will thoroughly listen and provide answers.
Our firm proudly serves people all across Michigan, including major cities like Grand Rapids, Muskegon, Detroit, Lansing, Holland, St. Joe, and Ann Arbor, and rural towns such as Lowell, Ada, Fremont, Newaygo, Grand Haven, Rockford, and Cedar Springs. We will meet you after hours, at home, or in the hospital to accommodate you.
Contact us today.