How do “no win, no fee” personal injury lawyers get paid? When we settle your claim, our fees are paid as a percentage of your settlement.
Our fee is a percentage of your settlement and is paid only when you collect. No recovery = no fee. This is because our services are provided on a contingency fee basis, which means our fees are contingent upon the successful negotiation of a settlement or a final judgment in your favour.
At Spraggs & Co. Injury Lawyers in British Columbia, we pay all disbursements (including the costs of court filing fees, medical reports, etc.) on your behalf and defer the reimbursement of these expenses until the case is settled or decided. Disbursements are costs that you would incur even if you did not hire a lawyer to assist you with your claim.
The reason we defer fees and disbursements is that we understand the financial constraints you are likely to face as an accident victim, including a reduced income and uncovered amounts of medical and rehabilitation expenses. We agree to fund the disbursements and to be reimbursed when there is a settlement or court award.
There are many benefits to working with a firm that operates on a contingency fee arrangement. You do not need to be concerned with how much time your personal injury lawyer spends on the case and if his or her fees will be higher because a trial might be necessary to obtain a fair result. Contingency fees help to align your lawyer’s interests with yours. In fact, a contingency fee arrangement gives incentive to your lawyer to achieve the highest compensation possible for you, for the amount of total legal fees will depend on the total compensation achieved.
In a settlement or at trial, your lawyer may seek to obtain additional compensation from ICBC for legal costs and disbursements. When ICBC pays a portion of the fees and disbursements and you pay your lawyer on a contingency fee basis, then you are able to retain more of the settlement or judgment award for your future medical and financial needs.
Contact a Personal Injury Lawyer in Coquitlam at Spraggs & Co.
We provide services for those who have been injured in car accidents, pedestrian accidents, motorcycle and bicycle accidents, and many more. We understand how difficult it can be to navigate the legal system on your own, which is why Spraggs & Co. Injury Lawyers are here to provide you with the support you need to begin on the road to recovery.
Contact us for a free initial consultation, or read on to learn more about our legal services, our team and any questions you might have. Our results-driven personal injury lawyers are ready to assist you in Coquitlam and across British Columbia.