Why Contingencies ExistBy allowing people to pay for legal services from their settlement proceeds, contingency fees allow more people to hire attorneys for help during their claims. If a person is injured in an accident and having trouble paying their medical bills, chances are that they won't be able to pay for a lawyer to help them if they need to pay them upfront. This same principle goes for workers' compensation or disability claims. Injured individuals may desperately need benefits, and the legal help that may be often necessary for a financial recovery is an important part of the process. Some cases are handled on a contingency basis because of industry standard and statute.
The Coye Law Firm offers free consultations for our contingency cases, most notably personal injury, workers compensation, and denied disability claims. Call our office at 800-648-4941 today for more information and to have your claim evaluated.
Contigency Fee CasesPersonal injury claimants often have to deal with insurance companies. Florida Bar rule 4.1-5 regulates the limits of contingency fees collected in a personal injury claim. So if your claim stems from a car accident, slip and fall, or premises liability, the attorney's fees come from the settlement that you accept from the insurance company.
Workers compensation claimants have their contingency fees outlined in Florida statute 440.34 . The Judge of Compensation Claims has to approve the fees that the claimant's lawyer requests from the settlement proceeds. Workers' compensation cases are usually taken on a contingency basis because the statute states that fee structure is based on a percentage of the claimant's benefits received.
A lot of denied disability claims involve the Social Security Administration, so there is a federal law governing how much a claimant's representative can collect for their services. The SSA needs to approve the fee agreement set forth between the claimant and the representative, which is typically no more than 25% of past due benefits up to $6,000. Because the fee is percentage-based, the representative or lawyer accepts the case knowing that their fee is based on the claimant's successful claim for past-due benefits.
If you have questions about claims that are taken on a contingency basis, call the Coye Law Firm's office today at 800-648-4941. We can discuss your claim with you and determine the process of collecting fees. We want to help you pay for essential treatment if you are injured.