How Much Does a Personal Injury Lawyer Cost?
If you or a loved one have been involved in a serious car accident you are likely experiencing injuries, mounting medical bills, property damages to your vehicle, and lost time from work. With these additional pressures you may wonder if you need an attorney, and if you need an attorney, can you afford it?
For the injured party, this consideration is especially important, because you are already dealing with how to pay your medical bills and how to supplement your income.
What are Common Car Accident Lawyer Fees
The good news is that you do not need money up front when you work with most personal injury attorneys. Most personal injury attorneys work on a contingency fee basis, which means that there is no fee unless the attorney wins your case. This is one of the few areas of law where contingency fees are permitted.
What Are the Usual Rates for Personal Injury Lawyers?
The standard percentage among most personal injury lawyers varies; however, 33.33% to 40% is considered an acceptable range for most cases. There are factors that may affect the attorney’s percentage.
For example, some attorneys may charge a “fee shifting” percentage, which is based on the stage of your case. If a case resolves before a lawsuit is filed, then the fee is generally 33.33%. If the case is resolved after a lawsuit is filed, then the fee is generally 40%. The fee increases because the amount of work increases substantially when a lawsuit is filed.
The attorney and law firm are required to discuss the fee arrangement with you, prior to signing the retainer or contract. The attorney should thoroughly explain their fees and the conditions which may impact the percentage charged. As the client, it is also important that you thoroughly understand the terms, and if you find something confusing, you must speak up and ask the attorney to explain it further.
What are Lawyer Contingency Fees?
Because personal injury attorneys work on a contingency percentage, the initial consultation is often free of charge. During the initial consultation the attorney should go over your case and outline the best strategy for your case.
No attorney should ever tell you the value of your case, not only is it unethical, but there are too many factors that may play a role in valuing your case. While most car accidents occur in a similar way (think rear-end car accident), each client is a person and accordingly, your situation and injuries are unique and should only be evaluated as such.
What Other Attorney Costs Are There?
When your case resolves, whether that be before a lawsuit, or all the way up to a jury verdict you will likely have to pay back medical expenses and case expenses. Case expenses in personal injury suit usually include the lawsuit filing fee, serving the defendant with the lawsuit, witness subpoenas, medical record retrieval, deposition fees, mediation fees, and expert witness fees.
The law firm should pay these expenses for you up front and only seek reimbursement upon successful resolution of your case.
Get the Compensation You Deserve with Genthe Law Firm, P.C.
At Genthe Law Firm, P.C., we represent injured people on a contingency fee basis. We pay for all costs up front and only seek reimbursement if we successfully resolve your case. So, what happens if we lose your case at trial?
You will never see a bill from us and we also offer free consultations for every case. Contact us today and learn how we can help you.