We have to talk about the advantages of a contingency fee system. Here at Haque Legal, it is our goal to make sure that you have all of the information about the contingency fee system. Let us talk about some of the advantages as well as the disadvantages of the contingency fee system.
Advantages of Contingency Fee System
According to Cornell Law School, the following are the advantages of getting a personal injury lawyer in Michigan on a contingency basis:
It improves access for indigent clients.
Indigent clients are clients who could not otherwise afford counsel to assert their claims. Of course, everyone is at risk of getting a personal injury, even the ones who cannot afford counsel to assert their claims.
When lawyers offer a contingency fee system, they can offer and give their clients the best kind of experience for legal representation. Indigent clients can get the best kind of legal representation without having to worry too much about the costs that are associated with the legal battle.
It provides incentive for attorneys to seek client success.
The contingency fee system incentivizes attorneys to seek success for their clients. This makes them work more and fight for their rights more.
It enables clients to shift the risk of losing to the lawyer.
The risk of losing is borne by the lawyer. He will not be paid by the client even if they lose the case, even if they think that he has done his part. Clients will be able to know that they have the right kind of legal representation because the lawyer will fight for their rights to get paid.
Disadvantages of Contingency Fee System
According to Cornell Law School, the following are the disadvantages of getting a personal injury lawyer in Michigan on a contingency basis:
It encourages too many frivolous suits
Since the clients will not shell out money, the contingency fee system may give rise to a problem of many frivolous suits being filed in court. With the contingency fee system, the clients must know that they cannot just keep on filing cases. But this is the responsibility of the lawyer.
It incentivizes contingent fee lawyers to settle too soon and for too little
Contingent fee lawyers may want to settle too soon for too little money so that they can get paid. This is why it is important to get a lawyer who will make sure that he is after the rights of the client over and above anything else.
Contingent fees are usually too high relative to the risks that attorneys bear in a particular case.
The risk is borne by the lawyers. It is a high risk. But we believe that if the lawyer does not want to take the risk, he should not take a case that is based on the payment of a contingency fee.
Haque Legal Has Your Back
Here at Haque Legal, we always have your back. Make sure that on your first free consultation we tell you everything that you need to know about your case as well as the cost and the expenses that would be associated with the filing of your case.
The consultation is free for the first time because we understand that you need to at least have that guidance coming from a reputable law firm and lawyer to assess your case. If you have a personal injury case and you need a lawyer to handle it you can always contact our law firm and we can talk about your situation and the best way that we can handle it especially in terms of the expenses.
Let Haque Legal Help You With Your Case
If you require a lawyer who can assist you with ensuring that you protect your rights, it is important to know that you also have a team that can help you out with your specific needs.
Our law firm is dedicated to making sure that those who are innocent will be protected by the law and the full extent of justice will be used.
The article that you have read is based on general applications of the law. It is not legal advice and it is not to be construed as any legal consultation with the firm. No client-attorney relationship is created when you read the articles we have provided.
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