What Do Personal Injury Law Firms Charge?
There is no set rate for personal injury law firms. However, you will find that most personal injury law firms charge a contingency fee. Most personal injury law firms also charge roughly the same percentage.
What Does Contingency Fee Mean?
When a lawyer or law firm works on a contingency fee, it means the payment to the lawyer is ‘contingent’ upon the law firm successfully recovering for you financially. If the law firm is unable to recover for you, there are no charges.
A contingency fee is a good solution to attorney fees for a few reasons. First, most clients cannot afford to hire a lawyer to pursue a personal injury. If lawyers charged by the hour for this work, most legitimate personal injuries would never be pursued. If this were the case, a lot of bad behavior by drivers (car accidents) and corporations (slip and falls) would go unchecked. The contingency fee allows injured individuals instant access to the protections of the legal system.
The second reason a contingency fee is a good solution is it keeps lawyers and law firms objective and honest about the cases they take. If the law firm analyzes your case and does not think they will be able to recover anything for you, you can trust their opinion. If the law firm were charging you hourly, it may be difficult to decide whether your lawyer actually believed in your case—in that instance they would be getting paid, win or lose.
The typical contingency percentage is one third or 33%. This fee is only paid to the law firm if the firm recovers for you. If you’re a history buff, you can read about the History of The Contingency Fee.
How Are Out Of Pocket Expenses Paid?
If there are out of pocket expenses related to your case, our firm will not bill you for those expenses unless we successfully reach a settlement or jury verdict in your favor. In other words, if we are not able to get you a result, there is no fee even for out of pocket expenses. In any case, we do our best to minimize the out of pocket expenses throughout the duration of the representation.
Speak To A Personal Injury Lawyer Today
If you would like to speak with a personal injury lawyer today, we are here to help. You can reach us at 704.749.7747 or click HERE to request a phone consultation. We know you have choices. We hope you choose Layton Law.