Tuesday, September 30, 2008

Costs Covered in a Contingency Plan

Administrative costs are generally in addition to contingencies fees.

If your funds are limited and you wish to retain the services of a top Philadelphia lawyer, you should seek an attorney whose fees are based on a contingency plan. That means that the attorney will only charge a percentage of the settlement or judgment as payment. Therefore, those who might not otherwise be able to afford legal representation can procure such services without expending a great deal of money. It is important, however, for people to realize that there will be additional costs associated with legal representation beyond the lawyer's contingency fees.

Keep in mind, there are a number of costs associated with filing a lawsuit. For example, paralegal services will be critical for the preparation of the case. Paralegals, of course, will charge a fee for their services. Other fees associated with litigation include office administrations, expert witnesses, mailing, and even private detectives. Let the truth be told, all of various components of litigation come with costs and fees. These fees will be absorbed by the client and not the Pennsylvania lawyer.

Now, some will assume these are "hidden" fees but that is not the case. They are simply administrative costs outside the attorney's actual service. And, remember, there's always the possibility that the attorney will not win the case. Would it be fair for the attorney to absorb all the costs associated with the loss of the case? This would make it cost prohibitive for the attorney to even stay in business. So, it should come as no surprise that these underlying costs must be paid by the client who procures the service of the law firm. It is the client who procures the services and that means the client must bear the brunt of the logistical costs associated with the case. It is important that clients understand this when selecting a contingency plan option.

Saturday, September 13, 2008

The Issue of Maximum Compensation

There are occasional caps on judgments depending upon state laws.

Maximum compensation is often discussed when it comes to filing a lawsuit. Often, many television advertisements that feature legal services will discuss the maximum compensation that one might be able to receive for a lawsuit. Now, most people assume the maximum compensation refers to the most money they can acquire based on their own personal pursuit. In other words, it is the plaintiff who decides what the maximum compensation will be.

Well, this is the notion at least in theory. In reality, the plaintiff must be grounded in absolute reality when it comes to receiving maximum compensation. If you have been injured in a construction site accident and the injury results in ten stitches above your eye, then you are not likely to receive a multimillion dollar judgment. Yes, there will be those who will seek a multimillion dollar judgment but they may be somewhat deluded. After all, the severity of the injury just does not warrant such a huge payoff.

There are many factors that go into deciding what maximum compensation should be. Essentially, the extent of the injuries will determine maximum compensation. If you have been severely injured then your claim for damages will be higher than if you were slightly injured. Also, seeking damages is not always punitive. That is, one may sue to recoup financial expenditures. If your medical bills have been covered by insurance, you probably will not be awarded any compensation for medical bills. After all, your bills have been paid.

Now, none of these statements are put forth in order to be downbeat or cynical. They are simply provided in order to be expanded upon the reality of the situation. You do want to be grounded in reality when and your Philadelphia lawyer you are filing a lawsuit. Otherwise, you may find yourself extremely disappointed at the outcome.