You need a lawyer to get the highest compensation or proper claims from the Insurance Corporation of British Columbia. Before hiring a lawyer for your case, you need to know how much he will charge.
Generally, in these kinds of cases, lawyers are paid on a “Contingency Fee” basis. You have the full right to pay your lawyer on this basis. In this article, we will identify how much do lawyer charge for ICBC claims. After reading this article, you will be able to calculate the charge of a lawyer for ICBC claims.
Contingency Fees and How much do lawyers charge for ICBC claims
Most of the accident cases, lawyers are paid in this system. In the contingency fees system, a service provider’s fees are dependent on the favorable results for the service which is provided to a client. That means your lawyer’s charge will be based on the percentage of your recovery.
If your lawyer can fully recover your claim, his payment will be on the full money you have got. If your lawyer can not retrieve any grievance, he will not be paid.
The payment of a lawyer depends on the recovery of your claim. The percentage of these contingency fees vary from country to country. In British Columbia, it is around 20%-33.3%.
If you are agreed to pay your lawyer on a contingency fee basis, then all of the costs of your case like court registry fees, expert reports, cost of medical records, etc. will be done by your hired lawyer. But some lawyers deny taking these expenses on him. They deduct the costs from the final payment.
If you have hired your lawyer on contingency fee basis agreement, you have to give them payment at the time of collecting your claimed money from the insurance company that means from the Insurance Corporation of British Columbia. You don’t have to pay before that.
The benefits of Contingency Agreement:
There are some benefits to this payment system. You should know those benefits. These are as follows:
- You are getting justice without paying: In this agreement, you don’t have to pay if you will not get any recovery from your insurance company. But without paying charges, you can get justice. Because an attorney will fight for you to get the compensation for you. Maybe you are not worthy of getting compensation. It’s all your mistakes.
Nevertheless, your attorney will fight for you in court, and you will get what you worth. If your attorney can’t take any recovery to you, he will not ask you for payment. That’s why we are saying that you are getting justice in free of cost in this agreement.
- You don’t have to pay if your lawyer will fail: In the contingency payment method, you don’t have to pay anything to your lawyer if he is not able to take you any compensation or claims from the insurance company.
- You get the best effort of lawyer: If you pay your lawyer hourly, the initiative will not be the same as when you will pay him on a contingency basis. Because here he will only gee payment when he manages some recovery from your insurance company. That’s why his effort level should be high in this agreement.
- Proper use of your payment: In this payment method, you can fully utilize your money. That means you will pay exactly that amount which quantity of service you have got from the attorney.
Conclusion:
Sometimes you need a lawyer to get the proper compensation from ICBC. That is why you need to know how much do lawyer charge for ICBC claims. You should follow the contingency fee payment method.
This is the best and most used payment method in these types of cases. You have discussed here in-depth. We hope it will help you in your case.
