A “no win-no pay” personal injury lawsuit is a civil action which is taken by a personal injury lawyer in Michigan on behalf of a client. This claim is called this because the lawyer will accept the case and waives his or her basic legal fee in the event the claim does not prosper, should the client be awarded a settlement the legal fee is paid from the award. Once a case is settled and there is an award the lawyer will take an agreed upon percentage. This type of payment arrangement is quite common with personal injury lawyers but it does pose somewhat of a risk for the lawyer, the net result is the lawyer will wish to have a hard look at the claim, accepting it if it appears to have merit.
A “no win-no pay” arrangement is also called a contingency fee. This type of arrangement is applicable for any type of personal injury claim. Personal injury claims are often made as the result of an accident of some sort, such as a vehicle accident, slip and fall accident, medical malpractice, wrongful death and many more. When a personal injury lawyer in Michigan agrees to accept the case the lawyer and the now client will usually agree fees and other expenses that will be needed to build a winning case. In a contingency fee situation the lawyer agrees to waive the fee unless they win the case for their client and then and only then do they collect their fee from the amount awarded.
This type of financial arrangement is helpful for those plaintiffs that do not have the necessary money to pay their lawyer before an award is granted. The lawyer that accepts this fee arrangement will be doing a great deal of work and will not be paid anything for his effort unless the case is a success, this being the case lawyers are very careful about what cases they will accept and what cases they won’t.
There are a few things that the client must take into account when considering this fee arrangement. The lawyer may be waiving the fee until the successful completion of the case but whether the case is won or lost the client still has expenses. The lawyer will charge the client as the case proceeds fees for such things as preparing photocopies, mailing documents, undertaking witness interviews as well as court costs. The percentage that the lawyer takes from the award varies, if the case is settled out of court the fee might be 15 percent but if it goes to court it may be closer to 35 percent.
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