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Contingency Fees

Posted by Scott Edwards | Feb 20, 2012 | 0 Comments

Last month , the Washington State Insurance Commissioner, Mike Kreidler, revealed that Washington's three major health insurers were sitting on a $2.4 billion surplus.[1] In 2010 automobile insurance carriers, State Farm,[2] American Family,[3] and Progressive,[4] respectively reported assets of $2,158,716,781, $5,431,728,000, and $6,048,900,000 in excess of their liabilities. Liberty Mutual[5] reported a whopping $16,978,000,000! These astronomical figures come at a time when many households are unable to pay their monthly bills or to even keep their heads above water.

If you have been injured in an accident, it has been our experience that the insurance companies can, and will, use their tremendous resources to try to pay you the lowest amount possible to settle your case. During this difficult time, you need someone to represent your legal interests but you are most likely unable to pay the high hourly cost of an experienced trial lawyer.

At Schauermann Thayer Jacobs & Staples PS, we understand you need an attorney that is willing to represent you even if you are unable to pay for skilled legal counsel up front. That is why we represent most of our clients on a “contingency fee” basis. A contingency fee is a fee charged for a lawyer's services only if the lawsuit is successful or is favorably settled out of court. Contingency fees are usually calculated as a percentage of the recovery-the total amount received on behalf of the client. Not only does this mean our clients don't pay any attorney fees up front, they won't pay any attorney fees unless and until we obtain a financial settlement or other recovery on their behalf. Over the past 25-years, our firm and its skilled attorneys have successfully represented literally thousands of clients in this manner.

If you have been injured in an accident, feel free to contact us for a free consultation focused on your specific needs. We would love the opportunity to get to meet you and see if we can help you get treated fairly by the insurance companies you have to deal with.


[1] http://seattletimes.nwsource.com/html/opinion/2017198475_guest10kreidler.html

[2] http://www.statefarm.com/_pdf/report.pdf

[3] http://www.amfam.com/2010-report/financials.html

[5] http://www.libertymutualimages.com/Annual_Report/2010/html/index.html

About the Author

Scott Edwards

Scott Edwards is a partner at Schauermann Thayer Jacobs Staples & Edwards law firm. Scott is licensed in both Oregon and Washington, and has been practicing law since 2008. Though Scott started his career working for insurance companies, he now focuses his practice on personal injury, auto accident, biking accident, and insurance cases. In his free time, Scott enjoys spending time with his wife and children. He especially enjoys pedaling around the streets of Vancouver, Washington and Portland, Oregon on his bicycle.

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