Most all attorneys that take personal injury cases take those cases on a CONTINGENCY FEE basis. Herrman & Herrman, P.L.L.C., gets paid contingent upon the client getting paid. Essentially, Herrman & Herrman, P.L.L.C., does not get paid unless the client gets paid from a settlement. We take many cases to negotiate for the good of the client FREE OF CHARGE. If we cannot find any insurance for the at-fault party, we will not charge any fee or require any payment of attorney’s fees. This is true for most law firms, however, a larger law firm can often spend the necessary funds to properly investigate the claim.
Herrman & Herrman, P.L.L.C., works on a 1/3 (33.33%) contingency fee basis. Any settlement we receive for the client, get one-third of that settlement. Some firms in south Texas charge MORE than 1/3 contingency fee for services rendered. The contingent fee structure has been around for a long time and generally applies to plaintiff’s work. The law firm that takes your case takes the risk and responsibility from a financial standpoint in the hopes that the claim settles. Wikipedia examines contingent fees in depth:
“In some American jurisdictions, a lawyer for the plaintiff in a civil case can take a case on a contingent fee basis. A contingent fee is a percentage of the monetary judgment or settlement. The contingent fee may be split among several firms who have contractual arrangements amongst themselves for referrals or other assistance. Where a plaintiff loses, the attorney may not receive any money for his or her work. In practice, historically tort cases involving personal injury often involve contingent fees, with attorneys being paid a portion of the pain and suffering damages; one commentator says a typical split of pain and suffering is one-third for the lawyer, one-third for the physician, and one-third for the plaintiff.
The contingent fee has been described as the ‘poor man’s key to the courthouse”. Whereas, corporations or wealthy individuals can afford to hire attorneys to pursue their legal interests, the contingency fee affords any injury victim the opportunity, regardless of ability to pay, to hire the best attorney in his or her field. Most jurisdictions in the United States prohibit working for a contingent fee in family law or criminal cases.”
If you have been hurt due to the negligence of someone else, please call Herrman & Herrman, P.L.L.C., first!.