Contingent fee agreements ensure everyone can afford a lawyer to seek compensation when they have fallen victim to negligence.
Consider the following situation. A fatigued semi-truck driver falls asleep at the wheel, wakes up, and slams on his brakes when he sees he’s headed off the interstate. He skids and jackknifes his truck, causing two vehicles to smash into his trailer. Both drivers suffered severe injuries that forced them to take time off work and spend weeks in the hospital recovering. Both motorists also suffer permanent injuries because of the accident the truck driver caused.
These are where the similarities end.
Now, let’s see how things might play out if personal injury lawyers did not conduct business with contingent fee agreements.