Every year, around 2.3 million people in the world have work-related accidents. And that’s not counting slips, falls, cuts, etc. suffered outside of the workplace!
The good news is, if you’ve been hurt, you can get compensation for your pain and suffering. The best way to go about it is by hiring a personal injury attorney, as they know the laws inside and out.
But of course, they’ll charge a hefty fee. While it’s worth it, you’ll want to know what to expect for personal injury attorney fees so there are no surprises.
Read on to learn more!
This isn’t done often, but some attorney fees are done by the hour. It really depends on where you’re located and which personal injury lawyer you’re seeking, but expect them to charge anywhere between $100 to $500 per hour. So it’s common to get a bill in the 5-digit range just for a little bit of service.
Also, you should note that many attorneys who charge by the hour will also want you to pay a retainer. That way, they have guaranteed income.
Most lawyers will charge a contingency fee instead of an hourly rate. This means that you don’t have to pay them anything up front! Even better is, you don’t have to pay them if they don’t win your case.
Once they’ve gotten a settlement for you, their contingency fee will be based on a certain percentage of the total amount. Here are the statutory guidelines:
- First $250,000: 30%
- Next $250,000: 25%
- Next $500,000: 20%
- Next $250,000: 15%
- Anything over $1,250,000: 10%
So for example, let’s say your settlement amount is $750,000. The contingency fee would be (0.30 x $250,000) + (0.25 x $250,000) + (0.20 x $250,000) = $187,500. In the end, you’ll get $562,500 for the settlement.
Other Lawyer Fees
Not only will personal injury attorneys charge by the hour or take contingency fees, but there are some other fees they can charge too.
They can charge you for some court costs and expenses, such as medical records, police reports, expert witness fees, and court reporters. They’ll also ask you to cover filing fees and postage.
How these fees are billed and charged will depend on the individual lawyer. While some might bill you every month as they incur costs (and expect payment within 30 days), others might just keep track of them and deduct them from your settlement.
Get more info about hiring a lawyer for your personal injury by checking out this lawyer’s site.
Hire a Personal Injury Attorney for Your Case
Having a personal injury attorney by your side can make a huge difference. Not only can you get fair compensation for your injuries, but you’ll also be less stressed out since you don’t have to navigate the legal world on your own.
Now that you know approximately what to expect, you’ll also rest easy knowing that should you get hurt, you won’t have to go bankrupt to fight for your rights.
Read more of our blog to learn about a wide variety of legal topics.