Elk & Elk has the financial resources to take on big insurance companies and costly corporate lawyers

Let’s face it: Court costs money.

Whether a lawyer settles your case out of court or it winds up in litigation, protecting your rights can be expensive. There are legal fees, court costs and administrative expenses. You need to be able to pay the foremost experts the going rate – sometimes tens of thousands of dollars – to help prove the merits of your case. At Elk & Elk, our financial resources allow us to advocate for injury victims who otherwise are unlikely able to foot these kinds of bills on their own – all at no up-front costs to them.

Possibly the biggest obstacle faced by injury victims when trying to collect compensation following an accident are the financial costs of doing so. When you hire Elk & Elk you are hiring a team of professionals who have, and are willing to use, the financial resources necessary to take on the insurance injury giants who spare no expense to try and escape their financial responsibility to injured people.

“We’re willing to not only invest our time, but also our money and our energy in these cases, to make sure that the client is well-represented,” said Arthur Elk, managing partner. “Elk and Elk will advance all of the expenses associated with hiring the leading experts in the country in order to prove the facts of those cases; in order to prove what’s necessary in the courtroom in those case.”

He said without our help, most people who come to us wouldn’t be able to fight for their own rights in court. “People can come to our law firm and have the benefit of all the resources we have available and it’s all on a contingency fee basis,” Elk said. “That basically means they can take on the big insurance companies, or they can take on a large automaker, perhaps, in a product liability case.”

How does Elk & Elk make money?

At Elk & Elk, we operate on what’s called a contingency fee basis. In a contingency fee business model, clients hire our firm without paying any up-front costs or fees with the understanding that, if there is a successful outcome and financial recovery in the lawsuit, we will claim a percentage of that recovery. However, if there is no recovery for the client, the client does not owe any fees or other costs to the firm.

Some lawsuits can only be dealt with on a contingency fee basis. Cases like wrongful termination claims and serious injury claims typically involve plaintiffs who are not working and have little income. Many plaintiffs find comfort in knowing that their lawyers have enough faith in their cases to put their fees on the line.

Although the specifics of various contingency fee agreements differ among law firms, at Elk & Elk, you pay nothing unless we have a successful outcome for you.

“We place a lot of confidence in our clients,” said Arthur Elk, managing partner. “In most cases, they’re just hard-working, average, every day people who have been the victims of personal injury and all they want is to have their lives put back on track. We thoroughly research each and every potential case we learn about. We’re selective in what cases we take in that, if it doesn’t prove to have merit, we’ll pass on it, but we take each case seriously and give it the attention it deserves.”

Elk said, for these reasons, Elk & Elk has enjoyed a long history of successful case outcomes, which has helped give the firm a strong financial foothold.

At a glance: Some recent costs fronted by Elk & Elk

Below are just a few examples of the kinds of case expenses funded by Elk & Elk, pre-resolution:

• More than $42, 700, including more than $35,000 for an expert witness, in a recent commercial motor vehicle accident case.
• The firm advanced more than $71,500 to support the client’s arguments, including nearly $34,000 for an expert’s testimony, in a wrongful death case.
• Elk & Elk fronted nearly $121,000 in various expenses, including almost $65,000 for an expert witness, in a recent medical malpractice case.

Do the math. Most people just don’t have that kind of money lying around to fund a lawsuit. At Elk & Elk, we do.