Norden Leacox Accident & Injury Law | June 4, 2024 | Personal Injury
Personal injury lawyers make money by successfully recovering compensation for their clients by winning their cases in court or through a settlement. Usually, personal injury lawyers work for a contingency fee. Under a contingency fee arrangement, the attorney only gets paid if the case is successful.
Contact an Orlando personal injury lawyer to schedule a free consultation and discuss your personal injury case and the attorney’s contingent fee policy.
What Is a Contingency Fee?
A contingent fee is contingent upon the outcome of the case. If the case is successful, the attorney will collect their payment as a percentage of the client’s verdict or settlement amount. If the case is unsuccessful, the attorney will not collect a fee.
Between 33% and 40% is a standard range for contingency fees in personal injury cases. The percentage that the attorney charges may depend on the geographic location, the complexity of the case, and the lawyer’s experience.
Some attorneys charge a higher percentage if a case proceeds to trial. Some attorneys charge a higher percentage based on their years of experience working in personal injury law.
At the beginning of the attorney-client relationship, the attorney will explain their contingency fee policy to the client. You should also get the contingency fee agreement in writing and ask any questions you may have prior to signing an agreement.
Is It Worth It to Hire a Personal Injury Attorney?
It can be costly not to hire a personal injury attorney to handle your case. If you were injured in an accident, you will likely be dealing with an insurance company. These companies have extensive resources, experts, and experienced legal teams. Hiring your own Orlando personal injury attorney can help level the playing field against insurers who seek to undermine your claim.
Contingency fees might seem high, but they balance the interests of both the client and the attorney. When personal injury lawyers take on a case, they risk not getting paid at the end of working on a case.
Contingency fees present several benefits to the client. You don’t have to pay attorney fees upfront. You don’t have to pay the attorney if you don’t win. And the legal fees will never exceed a set percentage of your ultimate recovery.
Are There Other Expenses in Personal Injury Cases?
In a personal injury case, there are legal fees and costs. Fees and costs are different. Fees refer to the attorney’s payment for their work on the case. Costs refer to other expenses associated with the case.
Costs may include expert witness, court filing fees, administrative fees, and other expenses that arise in the case. These costs are not contingent upon the outcome of the case. The attorney may advance these costs on behalf of their client and then will get reimbursed at the end of the case.
There may also be medical liens. If you received medical care following the accident, the medical provider may have placed a lien against any future settlement or verdict amount.
How Are Contingency Fees Paid?
Often, the settlement check will be sent to the attorney. The attorney will pay any medical liens, reimburse any costs that were paid, and collect their contingent fee. The remainder of the settlement or verdict amount will be sent to the client.
Contact a Personal Injury lawyer at Norden Leacox Accident & Injury Law Today
If you were injured in an accident in Orlando due to someone else’s careless or negligent actions, contact an experienced Orlando personal injury lawyer as soon as possible to discuss your case. Your attorney can fight for full compensation in your case, and they don’t get paid unless you do through a settlement or trial verdict.
For more information, please contact Norden Leacox Accident & Injury Law to schedule a free consultation. We have five convenient locations in Florida, including Orlando, Palm Bay, Melbourne, Cocoa, and Titusville.
Orlando, FL Office
964 Lake Baldwin Ln Ste. 200, Orlando, FL 32814, United States
407-801-3000
Palm Bay, FL Office
4620 Lipscomb Street N.E Suite #3K, Palm Bay, FL 32905, United States
321-677-5964
Melbourne, FL Office
1600 W Eau Gallie Blvd #205j, Melbourne, FL 32935, United States
321-450-7134
Cocoa, FL Office
717 S Cocoa Blvd STE 203, Cocoa, FL 32922, United States
321-449-8042
Titusville, FL Office
4527 S Hopkins Ave Suite B, Titusville, FL 32780, United States
407-801-3000