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What Are Contingency Fees?
When you’re injured in an accident, hiring a personal injury attorney can feel overwhelming, especially when you’re worried about medical bills, lost wages, or your ability to return to work. At Raymon Law Group, we make legal representation accessible to everyone through contingency fee agreements.
PERSONAL INJURY LAWYER NEW MEXICO
What Is a Contingency Fee?
A contingency fee is a payment structure used by many personal injury law firms where clients don’t pay any legal fees upfront. Instead, we only get paid when we win your case or reach a settlement on your behalf.
In other words, you don’t owe us a dime unless we recover money for you.
This model levels the playing field between injury victims and large insurance companies, giving everyone fair access to quality legal representation, regardless of income, savings, or job status.
New Mexico Personal Injury lawyer
Why Contingency Fees Matter in Personal Injury Cases
When you’re hurt in an accident, the last thing you want to worry about is how you’ll afford a lawyer. Contingency Fee Arrangements change that by making legal help accessible to everyone, regardless of income or savings.
Here’s why contingency fees are especially important in personal injury cases:
No upfront payment is required. You don’t need to pay anything out-of-pocket to start your case. This is critical when medical bills are high, and you’re missing work.
You only pay if you win. Your attorney is paid only if they recover compensation on your behalf, either through settlement or verdict.
You share the financial risk. The law firm assumes the cost and risk of litigation, so you never pay unless there’s a successful result.
It promotes aligned interests. Your lawyer is motivated to maximize your compensation because their fee depends on it.
It allows access to top legal help. You get the experience of a Top Personal Injury Law Firm in New Mexico without needing to come up with a large retainer.
You can focus on healing. Contingency fees remove the financial pressure of hiring a lawyer, letting you concentrate on recovery instead of legal bills.
How Much Is the Contingency Fee?
Contingency fees in New Mexico personal injury cases depends on the complexity of the case and how far it progresses. This is a percentage of the total amount recovered. The exact percentage can depend on several factors, including:
- Whether the case settles before a lawsuit is filed
- If your case requires litigation, depositions, or trial preparation
- The complexity of your claim and the level of legal effort involved
Additional facts to keep in mind:
The percentage is discussed up front. You’ll sign a written agreement detailing the terms before your lawyer begins work.
Fees come out of your settlement. You never pay out of pocket. Your attorney is paid from the compensation they win for you.
If you don’t win, you owe nothing. That’s the heart of the contingency model. No recovery, no legal fee.
This structure is especially helpful for injury victims in New Mexico, where financial hardship often follows serious accidents.
Personal Injury Lawyer
What’s Included in the Fee?
Initial case evaluation
Your attorney reviews the facts, determines liability, and helps you understand your legal rights.
Collection of evidence.
This includes police reports, medical records, photographs, dashcam footage, and witness statements.
Dealing with insurance companies.
Your lawyer handles all communication and negotiations with insurers to protect your claim.
Filing legal documents.
If a lawsuit becomes necessary, all pleadings, motions, and filings are included in the fee.
Expert consultations.
Many cases benefit from expert witnesses like accident reconstructionists or medical professionals, whose costs are usually advanced by the law firm.
Courtroom representation.
If your case goes to trial, your attorney represents you from jury selection through final verdict.
What About Case Expenses?
Every case comes with hard costs like court filing fees, medical records, investigator fees, and expert evaluations. At our firm, we often advance these expenses on your behalf, so you’re not burdened during your recovery.
If we win your case, those costs will be deducted from the final settlement. If we don’t win, you don’t pay us back. We’re transparent about how expenses are handled, and we go over all of this with you at your first consultation.
New Mexico Personal Injury lawyer
When Is a Contingency Fee Used?
Contingency fees apply only to civil cases involving financial compensation, such as:
- Car and motorcycle accidents
- Slip-and-fall injuries
- Workplace accidents involving third parties
- Wrongful death claims
They don’t typically apply in criminal defence, divorce, or probate cases, where different legal billing models are used.
Location Served
We Represent
Individuals & Families
throughout New Mexico
What Makes Raymon Law Group Different?
At Raymon Law Group, we don’t just say “no win, no fee”, we live it. We’ve helped countless Albuquerque and New Mexico residents recover after life-altering accidents, and our contingency-based model ensures that every client gets the same high-level legal support, no matter their financial situation.
Being injured shouldn’t mean going broke to get help. Contingency fees give you a fair shot at justice, even if you can’t afford to hire an attorney out of pocket. At Raymon Law Group, we believe results not billing, should drive the attorney-client relationship.
Call us at (505) 390-1040 for a free consultation today. Our Albuquerque Personal Injury Lawyers are ready to fight for the compensation you deserve.
