Car Accident Lawyer Fee
Do You Know How Much You Need To Pay?
Before hiring an accident attorney, you definitely want to know that firms car accident lawyer fee structure. If you had a car accident and you are the victim (i.e. you were not the wrongdoer), then you are on the stronger side. If that is the case, then you are recommended to hire a pro. It is very important that you understand in depth the average car accident lawyer fees for auto accident cases so that you can make an informed decision when negotiating with a law firm for personal injury claims.
Does It Worth It To Pay A Car Accident Lawyer Fee?
Though it is true that lawyers charge a lot, but still sometimes you are trapped into situations where you are left with no option other than calling a lawyer in to help you out. Trying to handle car accident claims by yourself is not recommended as there are so many laws and strategies in getting insurance company to pay you more you will not be aware of.
if you have had some minor or serious injuries or property damage, then you can demand the guilty party for settlement money. The defendant is legally compelled to pay a settlement amount to compensate for your loss. However, to claim for maximum settlement, you must take the help of a well-learned car accident lawyer.
The lawyer will certainly take a large portion of the total settlement money and in order to obtain maximum coverage of your damage and as mentioned before, you must be well-versed with the current car accident lawyer fee and the terms and conditions of payment. So, in this article, we will be discussing the present day scenario of car accident lawyer charges and their methods of charging.
How Are Car Accident Lawyer Fees Determined & What’s The Average Charge?
Thanks to the contingency fee payment system, you do not have to pay any retainer or flat fee when you are already running in loss due to medical treatments and work time loss etc. According to this system, the lawyer doesn’t take any advance money from you, but takes a certain part of the settlement money instead. Since the lawyer will gain, according to the settlement money he is able to raise, he/she is incentivized to work seriously on the case and claim as much settlement money as possible.
The car accident lawyer fee is generally a clearly defined fraction or percentage of the total settlement money. This percentage may vary from state to state and lawyer to lawyer, however, the average car accident lawyer fee is between 25-40%, the standard percentage is 33.33% (or simply one-third). For example, if your lawyer has agreed to take a contingency fee of 33.33%, on raising settlement money of $ 36,000, the lawyer will charge $ 12,000 as his fee. You should ensure that the contingency fee is charged only over the money standing after subtracting the other expenses including filing charges, depositions, expert witness fees, postage, etc.
The percent of contingency fee taken by your car accident lawyer also depends on the stage of your case. If the guilty party agrees to your settlement terms without the need of any actual jury/court trial, then your lawyer may charge a lower contingency fee percentage. However, in case things don’t go that easy and your lawyer has to file a suit in the court and fight your case till the very end, then your lawyer might demand a higher contingency fee of up to 40% of the settlement money.
So, it is integral for you to clearly understand your personal injury lawyer fee structure and various terms and conditions related to his charges before signing a contract with him/her.
Ready To Findout The Exact Car Accident Lawyer Fee For Your Particular Case?
Every cases is different and as such the fees a car accident lawyer will charge you varies. The only way to know what you will pay exactly is to speak with a lawyer to discuss your case and negotiate the fees before proceeding. Call us now to be connected with a car accident lawyer. The call is free.
Helpful External Links For Car Accident Victims
- Helpful Accident Tips
- What To Do after An accident
- Auto Crash Statistics
- Personal injury Attorneys
- Hiring A Lawyer
- Putting A Price On Pain & Suffering
- Auto Accident & Personal Injury Insurance Claim
- Motor Vehicle Safety Tips