Civil lawsuits can quickly turn into situations where both parties become worried about costs.These costs include property damage, medical expenses, office visits and more.This is a particularly pressing problem for the plaintiff, as the response could impact the compensation the plaintiff receives as a result of the civil litigation.There is no set amount that a lawyer can typically charge for a car accident. However, it is common for personal injury lawyers to work on a contingency fee basis.
Fees for a Car Accident Attorney
When you engage with a professional personal injury lawyer, you won’t have to pay anything in advance. Lawyers that specialize in personal injury cases are paid on a contingency fee basis. This means that the lawyer will not get paid by the client until they recover money in the case. Contingency fees can be very beneficial because they help ensure the lawyer has your (as the client’s) best interests in mind.
What are the contingency fee and percentage?
Personal injury lawyers differ widely in their typical percentages, but the standard contingency fee for a car accident lawyer is between 33.3% to 40% of the outcome. The fee will vary depending on the lawyer’s specific guidelines and the quality of services.
Other criteria can influence the attorney’s percentage in some states, like bar admission requirements. The rate may change depending on the case’s stage when you hire an attorney and the number of damages awarded.
It’s your job as the client to make sure you understand everything, and if you have any questions, you should ask your lawyer to clarify anything you may find confusing.
This contingency percentage allows personal injury attorneys to work based on a free consultation. First, the lawyer will discuss your case with you and describe your best course of action. Although the lawyer cannot guarantee a victory or any other result, he can outline your best probable outcome based on the strength of your case and his or her past experiences. During this meeting, the lawyer will also go over his costs and how they affect the settlement amount.
Proving Your Case in Court Is Expensive
Expenses and fees involved with your case can be expensive. Some law firms will front the expenses and deduct the costs from your damages, on top of the contingency fee, rather than passing them along to the plaintiff. Other law firms may deduct the expenses from their share of the damages as a standard cost of doing business. In the end, it all comes down to state legislation and specific attorney’s office practices.
The costs of prosecuting a personal injury case include:
- Court fees.
- Summons and subpoena service costs.
- Court reporter fees.
- Medical records.
- Police report costs.
- Expert witness fees.
There are also court reporter fees. If the plaintiff is required to cover these costs, the lawyer can phone his client as the money is charged. Cases may be put on hold until payment is obtained if a client cannot pay all fees.
In other circumstances, what is the legal fee for a car accident?
Additionally to the contingency fee, the lawyer may request an upfront retainer. This could be a red flag that the firm you’re working with lacks the financial wherewithal to see your case through to trial. This will be beneficial to the lawyer since they may now begin working on the case. Assuming he wins the lawsuit and collects damages for the client, the lawyer may subtract the retainer amount from his contingency percentage when calculating his final fee.
When it comes to more catastrophic accidents, things get more complicated. Aside from the defendant, you’ll have to deal with an insurance company anxious to settle quickly. Because insurance companies’ settlement offers are frequently pitiful and fail to compensate victims for their losses, hiring a personal injury lawyer may be well worth it. Even though it appears to be a significant sum of money (and a high percentage), the attorney typically earns that sum. Finally, you must decide if your situation necessitates the services of a personal injury lawyer.
Only plaintiffs are eligible for contingency fee agreements
One last thing to keep in mind is that a contingency fee agreement is only available when an attorney represents the person suing the other driver for damages (the defendant in the lawsuit).
Liability vehicle insurance, if you’re the defendant, almost definitely requires the auto insurance provider to supply a lawyer to represent you in the litigation. The insurance company has a responsibility to defend itself in this situation.
Other Fees Accident Attorneys May Charge
Although most lawyers do not charge an attorney fee until after it has been deducted from the compensation they have obtained for you, accident cases frequently involve additional costs.
You might be concerned about being charged for certain costs by your lawyer. Fortunately, the majority of personal injury attorneys do not charge for unexpected expenses and fees. Your settlement or award may be decreased if they pay now but not later (like with the contingency fee).
The more time your case takes, the more money you’ll wind up paying in additional fees. During your meeting with possible attorneys, be sure to inquire about their fees. If your case is unsuccessful, learn how these fees are handled and whether or not you are still liable.
What to Look for in a Car Accident Attorney?
In some cases, people wonder if the fees an attorney charges are worth it. While the injured victim is free to represent themselves in court, we strongly advise against it. After an accident, you’ll have to deal with the at-fault party’s insurance carrier. Most accident victims have no idea how the legal components of an insurance claim procedure work, while insurance firms have years of experience handling such cases.
Lawyers for Personal Injury Claims will Protect Your Rights
The insurance companies will expend a lot of effort to ensure that you accept a far less settlement than what is generally reasonable. A blunder might result in thousands of dollars being left on the table. The opposite is also true: having a skilled and caring attorney on your side ensures that you will receive the best possible outcome.
If your injuries and case are significant, you’ll want to consult with a personal injury lawyer. This is because the stakes are higher—you run the risk of losing a substantial sum of money that you require to improve your situation.
Consult with a Car Accident Lawyer Right Now!
Phillips Law Offices has evolved to be one of Illinois’s most well-known and recognized law firms with over 75 years of experience. Risk-free, we work tirelessly to ensure that our clients receive the full compensation they are entitled to. Since we only work on a contingency basis, you won’t have to worry about upfront charges. contact our Car Accident lawyers for any help and consultation.