How are Personal Injury Lawyers Paid?
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What is a Personal Injury Lawyer?
A personal injury lawyer is an attorney that represents clients who are filing claims based on an injury sustained. Personal injury suits can be brought against businesses or individuals. They can also be brought against manufacturers, producers, and distributors, depending on where fault is found by the courts.
What Kind of an Arrangement Will My Attorney Require?
Personal injury lawsuits are often completed on a contingent basis, which is when the lawyer receives their payment out of the resulting settlement or monetary award. So personal injury law can be lucrative, as these kinds of lawsuits have the potential to bring in large settlements or monetary awards. This is because the court wants to punish the company for making defective products or the businesses for being negligent. If they are not punished severely, then they have no incentive to reform their harmful practices.
Due to the potentially large payout, attorneys are very interested in personal injury cases, but they also will limit their representation to cases they are confident they can win or at least settle. A contingency fee will usually not be offered unless the attorney is quite sure the case will generate a settlement or monetary reward.
Which Fees Will My Lawyer Charge?
Even when contingency fees are the model being used for the personal injury case, it is still possible to have other fees that you will have to pay for your personal injury lawsuit case. These can include fees for photocopying, filing, or drafting; a consultation fee may also be charged.
When determining the possible rate, lawyers take into account the market rate for services in the geographic area; the prestige and experience of the law firm where the attorney works; and the complexity of the case. So a harder case will most likely merit a higher fee.
Do I Need a Lawyer?
Yes. Anyone involved in a personal injury lawsuit needs to be represented by a skilled and experienced personal injury lawyer.
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Last Modified: 12-19-2016 01:31 PM PST
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