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 a Personal Injury lawyer at Norden Leacox Accident & Injury Law Today
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.
Norden Leacox Accident & Injury Law – Orlando, FL Office
964 Lake Baldwin Ln Ste. 200
Orlando, FL 32814
Phone: (407) 801-3000
Hours: Open 24/7
Our firm is located near you. We have an office in Orlando, FL.
Find us with our GeoCoordinates: 28.5593579,-81.3271749
Norden Leacox Accident & Injury Law – Palm Bay, FL Office
4620 Lipscomb Street N.E Suite #3K
Palm Bay, FL 32905
Phone: (321) 677-5964
Hours: Open 24/7
Our firm is located near you. We have an office in Palm Bay, FL.
Find us with our GeoCoordinates: 28.039083,-80.6083109
Norden Leacox Accident & Injury Law – Melbourne, FL Office
1600 W Eau Gallie Blvd #205j
Melbourne, FL 32935
Phone: (321) 450-7134
Hours: Open 24/7
Our firm is located near you. We have an office in Melbourne, FL.
Find us with our GeoCoordinates: 28.1289147,-80.6461588
Norden Leacox Accident & Injury Law – Cocoa, FL Office
717 S Cocoa Blvd STE 203
Cocoa, FL 32922
(321) 449-8042
Hours: Open 24/7
Our firm is located near you. We have an office in Cocoa, FL.
Find us with our GeoCoordinates: 28.3511613,-80.7312948
Norden Leacox Accident & Injury Law – Titusville, FL Office
4527 S Hopkins Ave Suite B
Titusville, FL 32780
Phone: (407) 801-3000
Hours: Open 24/7
Our firm is located near you. We have an office in Titusville, FL.
Find us with our GeoCoordinates: 28.5584923,-80.8010051