If it sounds too good to be true; then beware! (free legal advice)
This saying applies to sales, services and deals we see in our every day lives. It even applies to legal fees in personal injury cases.
How so? Good question.
I’ve heard of injury lawyers quoting prospective clients that their “fees” will not be greater than 10% or 15% of the total value of the sum recovered.
This sound like an amazing deal, considering that nearly every accident lawyer who works on a contingency fee, or modified contingency fee basis charges in the range of 20%-30%, depending on the case.
So what would drive a lawyer to charge 10%-15%? Are they planning on working 10%-15% less than another lawyer who charges 20%-30%? Is the case so AMAZING that it warrants such a discount? Does the lawyer the client so much that s/he is willing to reduce their fees that much?
There’s gotta be a catch…..
There is! And I will tell you exactly what that catch is, and how these sort of lawyers hand it to you in a round about way.
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