A Simple Guide to the Typical Car Accident Attorney Fees
Car accidents are awful, especially if you know you’re going to have to dig into your pockets afterward. But if you’ve been in a severe car accident, and bills compile such as insurance or car repair fees, you need to know where to turn. A car attorney is most likely your best bet.
If you are planning on getting a lawyer after being in a car accident, you should know how much they cost. Here are the average accident car attorney fees.
If you’re choosing a car accident attorney, there are some key factors to consider. One of the most important things to consider is how to pay attorneys. Most car accident attorneys use contingency fees as payment. Here’s an updated list of how these fees work.
What is a contingency fee- A contingency fee is a type of payment for an attorney that depends on the outcome of the case. Clients only pay attornies if they receive a favorable outcome for their client.
What is the standard percentage for a contingency fee- Car accident attorney fees usually hover around 33% of the case’s overall case earnings. Depending on the state, however, those rates fluctuate from 20-40%.
What else do contingency fees depend on- contingency fees also depend on a few other factors such as court filings, process servers, expert witnesses, postage and mailing, court reporters, and records, such as medical charts and police reports.
The payment of these additional fees depends on the contingency fee agreement. Attorneys usually deduct these car accident attorney fees from the personal injury settlement.
One should consider whether the attorney deducts these fees before or after they receive their percentage of the personal injury settlement.
Car accident attorney fees can operate on an hourly structure. However, standard hourly billing is independent of whether the client wins their case.
Hourly rates depend on the attorneys’ experience and skill level. Car attorney fees also hinge on the current attorney market for hourly rates.
Car attornies can use a flat fee payment system. This system is especially useful if the client only needs the attorney for a specific task. For example, if a client needs a letter prepared, attorneys might charge a flat fee for its completion.
Retainer Plus Contingency
Retainers are lump sums of money that operate as an advance. Most often, the retainer is non-refundable, but it can also depend on the outcome of the case. If the attorney wins the client’s case, then they deduct the retainer from the winnings.
Are Car Accident Attorney Fees Worth It?
After suffering , taking someone to court might not be the first thing on your mind. People’s safety, insurance costs, and dealing with the police happen very fast.
Once the dust settles, you’ll know attorney fees are worth it. The last thing you want is to be stuck with medical and car insurance bills that aren’t your fault!