How Do Personal Injury Lawyer Costs Work?

800 views 6:06 am 0 Comments June 28, 2022
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Working through financially and physically recovering from an injury is one of the most difficult things a person can deal with.  Although everyone deserves the chance to heal and move past what happened, many avoid ever taking it to court because they’re scared of the legal fees and of not being able to afford a lawyer.

This fear isn’t something people should be held back by.

This is how personal injury lawyers work, how and when they get paid, and what happens if you lose your case.

Getting Paid On a Contingency Fee

If a lawyer believes in your case and thinks they can win it, they’ll often offer to take your lawsuit on a contingency fee agreement.  This agreement makes it so that you don’t have to pay them unless they win your case for you.  By offering this, lawyers make it clear that they have faith in winning your case and are going to do everything they can to win for you.

If a lawyer doesn’t agree to work with you on contingency and requires payment, this doesn’t mean that they don’t have faith in your case.  Look for a lawyer you can afford, and then trust them with your case to be safe.  You deserve a lawyer who will win, but also one that won’t leave you broke at the end of the day.

When Do You Pay Contingency?

If you win your case and your money is headed your way, it will often arrive to you only after payments for everything else have been handled.  This means your court fees, the cost of your personal injury lawyer, and any other costs that are attributed to your case.

When the money arrives, you don’t even have to worry about paying taxes on this since personal injury lawsuits are an exception to taxed lawsuit income.

What Happens if You Lose?

Losing your case can be a devastating blow, but there’s no need to worry about lawyer fees.  If you lose and your lawyer agrees to get paid on a contingency fee, you’ll be able to simply get by paying the court.  This is far cheaper than paying your lawyer would have been but can still add up over time.  Your lawyer may try to push your case further from here, but it’s up to you.

Does This Include Settlements?

If you settle out of court, you’ll still pay your lawyer even if you’re on contingency.  They’ll have worked to get you a payment that will allow you to recover some of your damages and will collect from the settlement before it reaches you.

What’s the Usual Percentage Taken?

The average personal injury lawyer’s fee is between thirty to forty percent of your settlement or winnings.  This might seem like a lot, but in many cases, calculate this into the amount awarded to you, so you can still afford to pay off any bills or financial burdens that have arisen due to your injury.

Personal Injury Lawyers Are a Must

Although they can be expensive, if you’ve been harmed, you deserve help to move past your injury.  A personal injury lawyer can be the right person to help you heal.

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