Florida Car Accident Attorney Cost
If you have been involved in a car accident then there is a fairly high chance that you have suffered significant injuries. It is very common for car accident injuries to leave those affected with a very expensive stack of medical bills, lost wages due to time spent recovering from injuries, as well as pain and suffering in general. Dealing with these damages can often lead to taking legal action which means hiring a lawyer but how much does a lawyer, let alone a good lawyer, cost?
For many of those that are in dire need of compensation for damages caused by car accident injuries the process of hiring a lawyer to help them take legal action is something very new. Even those that may have hired attorneys for a different legal situation may have some questions regarding selecting a personal injury attorney for filing a car accident injury claim. Most of the time, the biggest concern when it comes to choosing a lawyer or even hiring a lawyer at all is the cost.
How Much a Personal Injury Attorney Will Cost You
Dolman Law Group understands that those that have been involved in car accidents and suffered severe injuries are typically in a difficult financial situation which can make the idea of paying for yet another significant cost unattractive, to say the least. Balancing the cost of getting good legal assistance versus breaking the bank may seem daunting but personal injury attorneys are well aware of this common predicament and have practices in place to provide their expert services while not harming their client’s finances any further.
Car Accident Injury Attorney Contingent Fees
A common concern many people have when hiring a personal injury attorney for the first time is how they can afford a lawyer when they are already in financial trouble to begin with. Many people mistakenly assume that personal injury attorneys are paid by the hour like many other professionals and even certain lawyers typically are. This is not conducive towards the business a personal injury attorney conducts so they work on what is called a contingent fee basis. A contingent fee works by having the lawyer not be paid upfront for their services but instead, they get paid once they manage to get a settlement or favorable verdict for their client.
Unlike hourly pay rates, a personal injury attorney’s cost will be determined by the percentage that you agree to pay them out of your settlement. The average percentage will sit somewhere around 33% with some variation depending on the lawyer and the details of the case. If your personal injury attorney fails to get you any compensation then you owe them nothing. Since their pay depends on a favorable outcome of the case they are working, personal injury attorneys invest more time and energy into making sure a case is handled to the best of their ability. Unlike other lawyers that may use retainers, a personal injury attorney will not require upfront payment but they will require that your arrangement to pay them a percentage of a settlement be made in writing.
Contingent Fees are Different, Not Cheap
Given the situation that many car accident victims find themselves in, paying a lawyer via a contingent fee is the best payment scenario they can hope for since the alternative requires funds they simply might not have at the time. While contingent fees are a useful way to secure the assistance of a personal injury attorney, they still require careful consideration and negotiation.
Contingent Fees and Your Settlement/Court Award
For example, you may have a case where you have suffered a traumatic brain injury that brings the value of compensation to a very high amount. Let's say you manage to get $100,000 dollars in a settlement. Your attorney has a contingent fee of 33% so they would get $33,000 from the $100,000 settlement leaving you with $77,000. On top of contingent fees, there are also expenses for things like expert witnesses and court costs that are subtracted from the compensation you get as well. So after contingent fees, there might be $10,000 in expenses subtracted as well leaving you with $60,000 after all is said and done.
Keep in mind that a lawyer’s contingent fee can take a significant portion of your settlement. In many cases, the amount of compensation that you get even after a lawyer takes their contingency fee is more than enough to handle the damages that you need covered but there are instances where you need to carefully consider how you will take away less than what you get from the insurance company in a lawsuit or claim.
Do Better Personal Injury Attorneys Cost More?
Most personal injury attorneys will work for a contingency fee that sits between 30-40%. Some may ask for more and others may ask for less but this is not a good indicator of the level of expertise that an attorney can bring to your case. It is not always about getting the best lawyer so much as it is about getting the best lawyer for your case. It is important to do your due diligence and see which lawyer is the right fit for you and your case. Look at their successes and failures in their history of case results. Look at exactly what kind of cases an attorney handles and especially if they settle out of court or if they are willing to go to trial to fight for their client.
Seek an Experienced Saint Petersburg, Florida Car Accident Attorney
When another driver’s careless choices behind the wheel result in a collision and cause you harm, you deserve full and fair compensation for the physical, emotional, and financial pain those choices inflict. Letting an experienced attorney guide you through the process of seeking compensation can free-up your mind and body to focus on healing and recovery.
If you were involved in a car accident, our lawyers at Sibley Dolman will investigate your case, and may help you obtain the compensation you need for damage done to your person and property. The skilled attorneys of Sibley Dolmen To schedule a free consultation and case evaluation with a Sibley Dolman attorney, please call us at (727) 222-6922 or fill out a contact form online.
1663 1st Ave S.
St. Petersburg, FL 33712