how does a personal injury attorney get paid

Personal injury attorneys typically work on a contingency fee basis, which means they only get paid if they win or settle your case. Here’s how it works:

Contingency Fee Agreement: When you hire a personal injury attorney, you will typically sign a contingency fee agreement that outlines the terms of the attorney’s payment. In this agreement, you and the attorney will agree on a percentage of the settlement or award that the attorney will receive if they win or settle your case.

When dealing with the aftermath of an accident, hiring a personal injury attorney can be crucial to securing fair compensation. However, understanding how these legal professionals are compensated is vital before engaging their services. This article will explore the common payment structures for personal injury attorneys, highlighting their benefits and implications for clients.

The most common payment arrangement for personal injury attorneys is the contingency fee. Under this model, the attorney’s fee is contingent upon winning the case. If the attorney successfully secures a settlement or court award for the client, they receive a percentage of the recovered amount. If the case is lost, the attorney does not receive a fee.

The percentage taken by the attorney varies, typically ranging from 25% to 40% of the recovered amount. The exact percentage may depend on factors such as the complexity of the case, the stage at which it is resolved (settlement vs. trial), and the jurisdiction’s legal standards.

In some instances, personal injury attorneys may charge hourly fees. This payment model is less common for personal injury cases but might be used in specific scenarios where contingency fees are not suitable.

Understanding how a personal injury attorney gets paid is essential for anyone seeking legal representation after an accident. The contingency fee model, with its no-win-no-fee structure, is particularly advantageous for clients who might otherwise be unable to afford legal services. Hourly fees and flat fees, while less common, offer alternative payment structures that may be suitable for specific situations. Regardless of the arrangement, clear communication about fees and potential additional costs is crucial to ensure a transparent and satisfactory attorney-client relationship.

In certain situations, an attorney might agree to a flat fee arrangement. This is a pre-determined, one-time payment for handling a specific case or part of a case.

No Upfront Fees: With a contingency fee agreement, you do not have to pay the attorney any upfront fees. Instead, the attorney will bear the costs of preparing and presenting your case, such as hiring experts, conducting investigations, and filing legal documents.

Payment from Settlement or Award: If your case is settled out of court or if you win a court judgment, the attorney will receive a percentage of the settlement or award as payment for their services. This percentage is typically between 33% and 40%, but it can vary depending on the specific agreement you have with the attorney.

No Payment if No Recovery: If your case is not successful, the attorney will not receive any payment. You will not be responsible for paying the attorney’s fees or expenses.

In conclusion, personal injury attorneys typically work on a contingency fee basis, which means they only get paid if they win or settle your case. With a contingency fee agreement, you do not have to pay the attorney any upfront fees, and the attorney will receive a percentage of the settlement or award as payment for their services. You can trust Keith D. Leshine Attorney At Law, LLC, located in Duluth, GA, to provide you with the representation you need to secure the compensation you deserve, with no upfront fees and no payment if no recovery. Contact them for a consultation and to learn more about their services.

 

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