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How Much Do Lawyers Charge for Car Accident Cases?

If you were injured in a car crash, you need a car accident lawyer to help you win the compensation that you deserve for your damages. However, people are often hesitant to contact a personal injury lawyer because they are afraid of how much this will cost them. By reading on, you can learn more about how much a car accident attorney will charge for your car accident case.

Contingency Fee Percentage

There are some basics that you should be aware of. Typically, lawyers charge what’s known as a “contingency fee”. What this means is that the lawyer fees will be deducted from any settlement or money awarded after a trial that you receive. It’s important that you closely read any fine print when it comes to these fees, as well as any other costs and expenses that are involved with the case.

The first thing to cover is this contingency fee percentage. As previously mentioned, most lawyers charge for their services using a contingency fee percentage of any money awarded to the client, rather than charge by the hour. You will usually not have to pay the lawyer if they lose the case, but again it’s important to read the fine print to make sure that’s the case with the lawyer that you have selected.

The specific amount of a contingency fee that a lawyer will charge a client will depend on the specific agreement that you have with the lawyer. Generally, these fees will range from between 25% and 40%. On average, you can expect that the contingency fee will be around 33% or 1/3rd of the money that you were awarded. What this means for you is that if your contingency fee is 1/3rd of the awarded money and you were awarded $90,000, the fees that the lawyer would receive is $30,000.

In addition to this fee varying between the different lawyers, the fee is also dependent on whether or not the lawsuit is filed against the defendant. A settlement will have a lower contingency fee than if the case were to go to court. This is because it’s cheaper to settle out of court than it is to go to trial. If the case has to go to court, then you can expect to have a higher percentage of your money taken out as part of the contingency fee.

It’s crucial that you talk to the attorney about their contingency fee before you agree to work with them on your case. You should also carefully read any contract before signing it. Never sign anything that you do not fully understand. It’s also important to know that you can negotiate the contingency fee. If your case is considered to be a “cut and dry” lawsuit, which means that the fault and damages are clear, you can potentially negotiate for a lower contingency fee. In many cases, people don’t think that they can negotiate because they think the lawyer has the leverage over them. That isn’t always on the case, which is why it’s a good idea to try to see if you can get a lower fee percentage taken from the compensation that you were awarded.

Costs and Expenses Involved with a Car Crash Accident Case

Another thing that can vary between lawyers is other costs and expenses associated with your car crash accident case. Depending on your lawyer and the contract that you have for their legal services, you could potentially be on the hook for upfront court fees and various other kinds of litigation expenses. Some litigation expenses that you may be responsible for includes court reporter fees, expert witness fees, obtaining all relevant medical records, and police reports. This may not always be the case, but it’s important to know before you choose an attorney.

For a lot of personal injury attorneys, the client is required to pay for any upfront fees as they are due. If the contract for legal services that you have requires you to pay these costs, the personal injury law firm will contact you to let you know that you owe these fees so that you can pay them. Your case will not proceed until you are able to pay for these expenses. This is usually the case if you are working with a smaller law firm.

When you work with larger law firms, they will generally cover all of these extra costs and other upfront expenses for your lawsuit. After you are awarded money, they will deduct these costs in addition to their contingency fee. As an example, say that you were awarded $100,000 for your case, and from this amount, the contract says the contingency fee and other expenses will be deducted. If your lawyer incurred $10,000 of expenses, they would recover all of this money. Then, they will get another $30,000 as part of their contingency fee. This means that after everything, you will have $60,000 left that is yours to keep.

You should be aware that the lawyer needs to take this contingency fee out of the net settlement. This means that it counts the money after the lawyer deducts their fees and expenses. Sometimes lawyers try to take it out before the expenses are deducted, which gives them more money. That’s why it’s important to read the fine print before signing a contract. If you see this mentioned in the contract, tell them that you won’t accept it unless the fee is taken from the net settlement. If they don’t agree, you should find another attorney.

The last point to know is that not every case will have an arrangement for a pure contingency fee. The lawyer may decide to collect a retainer in order to start the legal process for your case and then will collect their contingency fee after you are awarded money. But, when this happens, the amount of money that you paid for this retainer should be deducted from their contingency fee.

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Is It Worth It?

Is it worth it financially to go through the process of hiring a lawyer to recover damages after a car accident? The answer can depend on you. For the most part, hiring a lawyer is more valuable the more serious your injuries are. If the car accident was something minor, you can generally negotiate a settlement for yourself without having to hire a lawyer.

On the other hand, if you were injured and required extensive medical treatment, it can be a good idea to hire a lawyer. The insurance adjustors start to work to pay as little as possible for your injuries and take advantage of your financial need to give you a low-ball offer. Insurance companies make their money by paying out as little as possible on the settlements. This is why it can be a good idea to have a lawyer on your side to fight for you. A good lawyer can make a significant difference in the amount of compensation that you can receive for your injuries.

Conclusion

While it may be an investment to get a lawyer to help you with your case, this can be an investment that is worth making into yourself to recover compensation for your damages. Car accidents can be very serious and potentially fatal. You do have the right to receive compensation to cover your medical expenses and various other damages that you suffered as a result of another person’s negligence. You are entitled to compensation and a lawyer who specializes in car accidents can be essential in giving you the best possible outcome for your case.

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The information contained in this website is provided for informational purposes only.  This website may contain information about The Injury Firm's past results, testimonials about the firm or a lawyer within the firm, and statements regarding the quality of The Injury Firm's work product. This information has not been reviewed or approved by The Florida Bar. Please be advised that: 1) the facts and circumstances of your case may differ from the matters for which results and testimonials have been provided: 2) Not all results of cases handled by the firm or its lawyers are provided and not all clients have given testimonials; and 3) The results and testimonials provided are not necessarily representative of results obtained by the firm or by its lawyers or of the experience of all clients or others within the firm or its lawyers. Every case is different, and each client’s case must be evaluated and handled on its own merits.

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