Personal Injury Attorney NYC Helping People Injured In Accidents Recover Compensation
If you’ve been injured in an accident, such as a car crash or slip and fall, your friends and family may recommend that you seek a legal advice. But after a plethora of medical bills and missed time from work, who can afford an attorney for a settlement that’s not guaranteed? In actuality, everyone can because most personal injury attorneys take that chance for you. In fact, a personal injury attorney probably will not cost you a cent out-of-pocket, as they work off a “contingency fee” system.
What is a Contingency Fee?
Attorneys who do not practice personal injury law generally charge by the hour and those fees can be hefty and include billing minimums. New York Personal Injury Attorneys understand that those involved in an accident through no fault of their own often cannot pay such fees. Accordingly, most personal injury attorneys work on a “contingency fee,” which is when a lawyer agrees to accept a certain percentage (normally 1/3) of any compensation awarded to you after successful representation. If you do not recover, neither does your attorney.
Types of Contingency Agreements
There are generally two methods by which personal injury attorneys calculate a contingency fee. The first method is when your attorney takes their 33% fee off the entire settlement and then subtracts their disbursements, i.e., costs your attorney covered during the representation, from the remaining balance. These costs can include the following:
- Payment for medical records
- Payment for expert witness testimony
- Payment to investigators
- Payment of any court costs and New York State filing fees
- Payment for mailings and copies
- Payment for travel expenses
Under the first method of calculation, if you recover $100,000 for your injuries, your attorney will take $33,333 and you will have $66,666 remaining. At this point, the attorney will then deduct his costs, for example of $10,000 from the remaining $66,666, meaning that you will recover approximately $56,666 in total.
The second method of calculation leaves a bit more meat on the bone for you, but it will cost you money up front. Under the second method of calculation, you pay your costs over the course of the litigation and they are subtracted from your overall recovery. For example, if you recover $100,000 but have paid $10,000 in costs, your attorney will take his 33% fee from the remaining $90,000, which means his fee will be $30,000. Accordingly, you will recover $60,000 under this method.
If You Were Hurt In An Accident, Consult New York Personal Injury Lawyer For Free Today
So what does a personal injury attorney cost? Nothing up front and if you recover, your bank account will only show a positive balance. Contact Personal Injury Attorney Brooklyn NY today to discuss your case. The Rybak Firm, PLLC., has the experience and the resources needed to recover for your personal injuries with no up-front costs. Call today for a free consultation at 718-307-5554.
Personal Injury Lawyer Near Me
Our offices are located in Brooklyn, NY. Although our offices are in Brooklyn, NY we serve the whole NYC Metro Area and represent clients in every borough of New York City. Our Personal Injury Attorneys are able to travel to you if you are unable to meet at our offices due to an injury. We also provide free transportation to and from our offices.
Our office address is:
1810 Voorhies Ave
Brooklyn, NY 11235