The first question you ask before you sign the retainer is almost always:
"how much do you charge up front?"
The answer is that ELFPI is contingency fee-based. In other words, you pay no attorneys’ fee up-front. And even then, we never get a fee at all unless we recover for you. Yes, you heard correct, you owe us no fee unless we get you an outcome for your accident (Explained in more detail here).
A contingency fee lawyer is a member of the bar who works on a no recovery no fee retainer contract. It is also called a conditional fee agreement, or "CFA." Typically, you get a free initial consultation from a lawyer. Mostly, plaintiff's personal injury lawyers use this type of fee structure. Once you get a free consultation, you get an opportunity to seek a second opinion.
Afterwards, once satisfied, the consumer signs the fee agreement.
Once the case gets resolved, we plaintiff's lawyers take our cut.
In conclusion of the matter, you use the rest of your piece of the pie to:
Also, you pay your other expenses out of pocket, or on a lien basis. The remainder is what you keep, typically as a tax-free personal injury award.
Dealing With Liens
We leave any money in the attorney-client trust account to pay any liens we co-signed. But you deal with the other creditors in your case. In other words, you keep that money and decide how to proceed.
Just keep in mind, ELFPI may be required by law to withhold sums from your amount.
What Makes ELFPI Different When it Comes to Lien Reductions?
Next, in some cases our clients want us to help reduce owed costs, lien or not. Sometimes it is a good idea to have us deal with outstanding bill collectors.
What makes us special is that we pass on the savings from any reductions of your bills to you. We only take a fee from the personal injury portion of your claim. Yes, you heard right!!
But wait, there's more! .....
Heck no. We go the extra mile. You assist us hand in hand with this portion of your case. You help us get things like your receipts for upgrades, estimates from the local Auto Traders, etc. Next, you help us find out if the insurance company's comparable vehicles are even decent or similar to yours.
We have found that our clients know their cars better than we do. We have many stories to tell about the games insurance adjusters and estimators play.
So we work with you to push for better value estimates. You see, no matter what, we place ourselves in your shoes. Empathy is key here.
IMPORTANT: Often, ELFPI can pass on the money saved from your medical and other lien reductions.
Whether we get you a lien reduction or not:
Keep in mind that costs advanced by your lawyer are not free. They are an interest-free loan. Advancements help less wealthy clients pay for things like court costs. These get paid back at the conclusion of representation.
Some lawyers, on a case by case basis, including our firm, do waive your costs on certain occasions. But these are typically in cases where the victim has recovered nothing. Learn more about how we handle contingency fees.
Understand whether or not you have a possible, actionable, justiciable case. So call us for a free case evaluation and get a handle on your problem. Call now before it becomes unmanageable. (213) 596-9642.