Personal Injury Attorney Fees: What You Should Know
If you’ve suffered a personal injury, an insurance adjuster is most likely racing toward you to tell you not to talk to an attorney because it costs extra money. But is that really true? A closer look reveals that getting information from a personal injury attorney doesn’t cost you a dime, and if you lose […]
If you’ve suffered a personal injury, an insurance adjuster is most likely racing toward you to tell you not to talk to an attorney because it costs extra money. But is that really true? A closer look reveals that getting information from a personal injury attorney doesn’t cost you a dime, and if you lose your case, you may not pay anything at all.
Contingency Fee: Pay Nothing Unless You Win
Many personal injury lawyers will have a policy stating that unless you win there is no fee. This is called a contingency fee meaning the attorney is paid if, and only if, you are awarded a monetary settlement. If they do not win monetary compensation for your case, then you are not obligated to pay.
How Much Do I Pay if I Win?
If you do win your case, your lawyer will typically collect a percentage of the final settlement. The percentage can vary from state to state and usually falls somewhere between 33% and 40%. One big advantage to this option is that if you don’t win any money, then you don’t have to pay anything. In addition, your lawyer will be more motivated to ensure that you get the full amount of compensation you are entitled to.
Is a Lower Percentage Fee Automatically Better?
A lower contingency percentage doesn’t necessarily mean you’ll receive more money in the end. Keep in mind that a higher fee could mean more money for you if the total settlement is larger. The determining factor will be the quality of your representation.
Are There Any Other Expenses?
Throughout your case there may or may not be additional expenses included in filing. These usually include; medical record transfers, expert witness fees, police reports, postage, depositions, trial exhibitions as well as filing fees. Depending on your agreement, your attorney may or may not include these expenses in the contingency fee.
What Happens after I Win a Settlement?
In most cases the settlement check is sent to the practice in order to ensure that the legal fees are paid. Once the check is received, your lawyer will contact you and explain how much will be deducted to pay for the legal services that were provided by the firm.
The Bourassa Law Group LLC is experienced in personal injury cases, and charges no fees unless you win. To learn more about how much your claim is worth, contact us at 702.851.2180.