Tuesday, November 16, 2010
How Much Does a Personal Injury Attorney Cost?
Personal injury lawyers almost often accept cases on a contingent fee (or "contingency fee") basis, meaning that they if they win the case, they receive a percentage of the award as their fee. If they lose, they do not receive an attorney fee. (Please note that attorney fees are different from costs, and you may be responsible for certain costs associated with your case, such as the filing fee for your lawsuit, even if you lose. While this is rarely an issue, as most civil litigation settles short of trial, you should to clarify the issue of costs with your lawyer.)
The amount of the contingent fee your lawyer will charge will vary somewhat from state to state. In most states, the attorney fee will be between one third and 40% of a personal injury award. Attorney fees for workers' compensation cases are more tightly regulated, and are typically lower than for regular personal injury matters. If your case is potentially worth a lot of money, you may be able to negotiate a reduction of the attorney's contingent fee, but the best personal injury lawyers are usually not willing to negotiate the fees they charge. They know that they are often able to recover substantially more money for their clients than attorneys with lesser skills, resulting in a greater award to you regardless of the percentage taken by the attorney.
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Thanks for the useful info!
ReplyDeleteinteresting cheers
ReplyDeleteI'll remember this if I ever go to court!
ReplyDeletePersonally I would only sue for the money to pay for my injuries and the lawyer. It think it's wrong to take too much advantage of people even if they are at fault. Just make 'em pay for the mistake, and nothing more.
ReplyDeleteThe Laffer curve of attorneys.
ReplyDeletecool info
ReplyDelete40% huh..good to know
ReplyDeletenice post as always
ReplyDeleteSeems like a pretty big cut of the winnings, but whatev
ReplyDeletenice
ReplyDeleteGood info, as usual
ReplyDeleteprobably way too much for me to afford :s
ReplyDeletegood to know i suppose
ReplyDeleteI'll try to keep this in mind
ReplyDeletei should go to law school
ReplyDeleteim hoping not to get sued from parties at my house, i imagine id lose a ton of money in defense
ReplyDeleteAnyone of you ever watched ally mcbeal?
ReplyDeletethankj you mate , iwas looking ofr that info
ReplyDeleteI agree with Crazy.
ReplyDelete40%? Damn
ReplyDeletegood info dude
ReplyDeleteGood to know!
ReplyDeletethanks this may help
ReplyDeleteattorney are pretty expensive this days, if they do their jobs right i'm not complainig
ReplyDeleteVery nice advise. thx
ReplyDeleteI'll remember this if I ever go to court!
ReplyDeleteHopefully I will never be injured bad enough for a large compensation. I don't think any amount of money is worth a limb.
ReplyDeleteuseful, thanks !
ReplyDeleteoh , not bad thnx for info
ReplyDeletetl;dr : a lot
ReplyDeleteCrazy makes a great point. Going after more invites laziness.
ReplyDelete40% is a lot :OO
ReplyDeleteI'd be worried if they didn't win. Yeesh!
ReplyDeleteisnt it about 10k
ReplyDelete