What Is the Contingency Fee for Personal Injury in NY?

When faced with the aftermath of a personal injury in New York, the path to compensation can seem fraught with uncertainty. One beacon of clarity in this complex process is the contingency fee arrangement offered by legal representatives. At Marvin A. Cooper, P.C., we believe in empowering our clients with knowledge, starting with an understanding of how contingency fees work in personal injury cases.

What are Contingency Fees? 

A contingency fee is a payment to an attorney that is contingent on securing a financial recovery for the client. Unlike hourly or flat-fee arrangements, contingency fees ensure that the client pays legal fees only if their attorney wins the case. This arrangement underscores a commitment to justice, making legal representation accessible to all, regardless of financial status.

How Contingency Fees Work in Personal Injury Cases in NY

In New York, contingency fees in personal injury cases typically range between 30% to 33⅓% of the recovery amount. These fees are designed to cover the legal services provided, from case investigation and court appearances to negotiations with insurance companies. Importantly, they align the attorney’s interests with those of the client: both parties benefit from a successful outcome.

Benefits of a Contingency Fee Arrangement

Contingency fees offer several advantages:

• No Upfront Costs: Clients can pursue justice without worrying about immediate legal fees.
• Aligned Interests: Attorneys are motivated to maximize the client’s recovery since their compensation is directly tied to the settlement amount.
• Risk Management: Clients are protected from the financial risks associated with pursuing litigation, as they owe nothing if the case is unsuccessful.

What to Expect When You Agree to a Contingency Fee

Upon agreeing to a contingency fee arrangement, clients should expect transparency and clarity. The agreement will detail the percentage taken as a fee, how case expenses are handled, and the approach to out-of-pocket expenses. At Marvin A. Cooper, P.C., we ensure our clients fully understand and are comfortable with the terms of our agreement before proceeding.

Choosing the Right Attorney: The Marvin A. Cooper, P.C. Advantage

Selecting the right legal partner is crucial. The firm’s policy on contingency fees should be clear, fair, and designed with the client’s best interests in mind. Marvin A. Cooper, P.C. stands out for our commitment to transparency, fairness, and dedication to our clients’ success. Our contingency fee arrangement is straightforward, ensuring clients are fully informed and confident in the journey ahead.

Contact Marvin A. Cooper, P.C.Today

Understanding the contingency fee structure for personal injury cases in New York demystifies one aspect of the legal process, allowing clients to focus on their recovery with peace of mind. If you or a loved one has been injured due to someone else’s negligence, consider partnering with a firm that prioritizes your success and financial well-being.

Marvin A. Cooper, P.C. is here to navigate the complexities of personal injury law on your behalf, ensuring that you receive the compensation you deserve without upfront financial burdens. Call us now at 914-809-9945 or schedule a consultation online to learn more.