Personal injury cases generate about $38 billion in revenue a year. There are 56,000 attorneys practicing personal injury law.
What that kink of money, it makes you wonder what a personal injury lawyer costs. It can make it seem like you can’t afford to hire an attorney.
It turns out that personal injury lawyer fees are affordable for everyone, as long as you have a strong case.
Read on to discover how much you can expect to pay a personal injury attorney.
What Are Personal Injury Lawyer Fees?
Personal injury attorneys have a couple of common pricing structures. The first is the hourly structure.
This is where an attorney charges you for every hour worked in a case. They give you an estimate of the hours, and you come to an agreement as to when payments are made.
Attorneys don’t usually charge a flat fee for personal injury cases because they can be unpredictable. They could wind up charging way too much or way too little.
The most common pricing structure for personal injury cases is based on contingency. Contingency means that your attorney fees depend upon the outcome of the case. Usually, you only pay if you receive a settlement.
The amount that you’ll pay your attorney may also depend on your case. For example, a personal injury case that is a result of a workplace injury can be governed by worker’s compensation laws in that state.
In workman’s comp cases, attorneys can charge a certain percentage of the settlement and it has to be approved by that state’s worker’s compensation department. The attorney’s fees are usually paid out by the insurance company and don’t come out of the worker’s settlement.
In standard personal injury cases, such as auto accidents or property injuries, the personal injury lawyer fees tend to be around 30% of the settlement. They could be as high as 50% of the settlement if the case is complicated.
One example of a complicated case involves medical devices and equipment. There are many parties that can be responsible, from the manufacturer to the doctor. Take a look here to find out more about these cases.
Additional Personal Injury Attorney Fees
There may be additional fees for when you hire a personal injury attorney. In complicated cases, attorneys have to hire experts to testify. The attorney may pay for the expert upfront or you may have to pay out of pocket.
When you hire an attorney you need to be clear as to what fees the attorney will be responsible for and what you need to pay for and when.
Hiring a Personal Injury Attorney
A personal injury attorney is necessary in order to get just compensation for the injuries you suffered because of someone else’s negligence.
The personal injury lawyer fees are surprisingly affordable. That’s because most attorneys don’t charge you unless you win a settlement. Then the attorney will receive a percentage of that settlement.
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