What Do Accident Lawyers Charge?
When searching for the accident lawyers that are best for your case, you will want to obtain a full understanding of the fee structure and how the attorney will handle expenses associated with your case. Knowing how the fees and expenses are deducted from any settlement is most important.
Attorney Contingency FeesAt my firm, we only handle personal injury cases on a contingency fee basis. This means that we only receive a fee if the client gets paid and our fee is not earned until the insurance company agrees to pay the client for the harm it's insured has caused. How much we receive depends 100% on how much money we get for the client. This means that we have a financial incentive to get the client the most possible because we receive more by getting you more. The percentage attorneys charge varies depending on the type of case and injuries involved.
Attorney ExpensesInjury victims don't want their case to cost anything and rightfully so. We realize that an accident can be an extreme hardship and the last thing my firm wants to do is make things more difficult. So at my firm, we do not require any money from the client and we pay for all the expenses associated with the case including the costs of the medical records, bills, copies, postage, etc. Clients don't have to worry about ever paying us any money out of their own pocket as all of our expenses are reimbursed through the settlement money from the insurance company.
Other Fee ArrangementsIf a person is injured in an accident, the contingency fee agreement is the best option. It is the old saying about "Don't Be a Victim Twice." The contingency fee allows the attorney to represent the accident victim without taking money out of his or her pocket. The attorney takes on the risk and the interests of the client are aligned perfectly. Other fee arrangements such as paying the attorney an hourly fee can have devastating outcomes where the attorney gets paid more than the client actually recovers from the case. Plus, the hourly fee can give less scrupulous attorneys an incentive to keep the case going and not settle as that attorney gets paid more the longer the case lasts.
Do I Have to Pay a Lawyer if I Lose?No. That is one of the great benefits to the contingency fee arrangement. At least at my firm, we would never expect the client to pay if we have not put the client in a position where he or she is getting paid by the insurance company.