How do fee structures work for a personal injury attorney?

Financial constraints should never prevent an injury or accident victim from pursuing justice and compensation for their injuries and other damages. Fortunately, most personal injury attorneys work on a contingency basis, ensuring that even individuals of modest financial means are capable of exercising their legal rights after an accident, serious injury, or wrongful death.

Under a contingency fee agreement, clients pay nothing up front and, instead, pay their attorney at the time of settlement. In most cases, if the attorney is unable to secure a financial recovery for the client, he or she pays nothing.

signing_agreementAttorneys who work on a contingency basis take a percentage of the client's settlement. While the percentage that personal injury attorneys receive can vary by both attorney and region, 33 percent—or one-third of the settlement—is a typical contingency fee. Under this type of arrangement, a client who received a $300,000 settlement would pay $100,000 in attorney fees. This fee compensates the attorney and staff for their time and effort, as well as expenses incurred when acquiring the client's medical records, gathering photographic and video evidence, hiring expert witnesses or accident reconstructionists, and other actions vital to the case.

Before hiring a personal injury attorney, make sure to ask him or her about a contingency fee structure. It's important to understand whether the quoted contingency fee is based on the financial award before or after the deduction of the attorney's expenses. Injury and accident victims should also ask about the firm's policy on waiving expenses in the event the attorney is unable to secure a monetary award in their cases.

Do You Need a Personal Injury Attorney?

Personal injury attorneys can help clients pursue compensation for a wide range of damages, including medical bills, property damage, lost wages, loss of earning capacity, pain and suffering, and more. If you were injured in an accident caused by someone else's negligence, contact Sevenish Law today to schedule an appointment for a free initial case consultation.