Norden Leacox Accident & Injury Law | May 16, 2024 | Personal Injury
Personal injury lawyers help accident victims get compensation for their injuries and other losses. When you’re injured in an accident caused by another person, you’re usually entitled to compensation for your losses. A personal injury lawyer helps victims understand their rights and ensures they get the compensation they deserve.
The amount of money an Orlando personal injury attorney makes varies based on several factors. Here’s a look at how personal injury lawyers are paid and what impacts how much they make. To learn more, schedule a free consultation with an Orlando personal injury lawyer to discuss fee arrangements.
Contingency Fee Arrangements
Florida personal injury lawyers do not charge upfront fees or flat rates. Instead, they work on a contingency fee basis. This means that if their clients get paid through a settlement or jury verdict, they get a percentage of that award.
The terms of the contingency fee vary from case to case, but the lawyer and client will agree on the terms at the start of representation. Usually, contingency fees range from 25% to 40%. For example, a 30% contingency fee means that if your claim is successful, your lawyer will receive 30% of the settlement or verdict to pay their attorney fees.
The contingency fee structure has a couple of major benefits for clients. You don’t have to make any payments to your lawyer. Also, your lawyer is invested in your success because they will not be paid unless your claim is successful.
How Much Do Personal Injury Lawyers Make Annually?
The amount that personal injury lawyers make varies widely. The American Bar Association Journal documented this range by noting that while personal injury lawyers can make more than $250,000 per year, the average personal injury attorney salary is around $73,000 per year.
Lawyers who specialize in complex personal injury cases – for example, commercial vehicle accidents or 18-wheeler accidents – tend to make more. Additionally, lawyers who specialize in serious or catastrophic injuries usually have above-average salaries.
What Impacts the Amount of Money Personal Injury Lawyers Make?
There are lots of factors that impact how much personal injury lawyers make, including the following:
- Location. The city and state of the law practice impact how much attorneys make. For example, the cost of living in Orlando is slightly above the national average, so you should expect Orlando lawyers to make slightly above average-salaries.
- Type of case. Lawyers who specialize in complex cases make more than those who handle minor injuries.
- Type and size of the law firm. The number of employees at a firm impacts how much lawyers make, as fees have to be split to cover all expenses of a case.
- Experience of the lawyer. Lawyers with more experience generally charge higher fees and make more.
- Area of lawyer’s expertise. Lawyers with a unique or complex specialty usually make more.
There is no set or standard salary for personal injury lawyers. Fees and salary vary widely from lawyer to lawyer. Contact a local personal injury lawyer to learn more about Florida personal injury fees or a specific type of case.
Contact an Orlando Personal Injury Lawyer to Learn More About Fee Agreements
If you’ve been injured in an accident, contact a Florida personal injury lawyer to discuss your case. Your lawyer will analyze your case and discuss your rights. In addition, your attorney will explain how their fees work and discuss their contingency fee rate.
Finally, they’ll give you an overview of how personal injury cases work, an estimated timeline of recovery, and your potential rights to compensation.
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