How Much Will a Car Accident Lawyer Cost You?

If you’ve been in a car accident, and someone else is to blame, you’ll be hiring lawyers in Simcoe County. We all know lawyers are costly, but how much will you need to pay?

Most car crash attorneys charge clients in a fairly unique way — instead of the hourly payment that many businesses charge in other types of cases.  In this specific article, we’ll have a closer check out how contingency fees work and what you can expect if you decide to hire a lawyer to handle your vehicle accident case.

The Contingency Percentage

The percentage that lawyers in Simcoe County can receive in a contingency payment agreement varies from state to state. The percentage typically ranges from 25 to 40 percent, and 33.33 percent (or one-third), which is pretty standard. When you have a 33.33% contingency cost arrangement and you recover $90,000 in your vehicle accident case, your lawyer will receive $30,000.

Some states have shifting percentages predicated on the stage of your case and the money recovered in your case.

A contingency charge may depend on whether or not the wrongdoer (defendant) in your case has responded or answered your legal complaint in court yet. In the event the case settles before there can be an answer to your complaint in court, the allowed percentage is typically lower.

However, if settlement occurs following the defendant serves a formal answer to your complaint or if the case proceeds to trial and a jury verdict is reached, the allowed percentage may increase.

Fees and Expenses

Depending on the lawyer and your contract for legal services, you might or might not be accountable for upfront court fees and other litigation expenses.

These fees and expenses include court filing fees, cost of serving summonses and subpoenas, costs of obtaining medical records and police reports, court reporter fees, and expert witness fees.

Many lawyers in Simcoe County states that you are responsible for these costs, you may expect an injury firm to call you and seek payment as the fees become due. If you fail to pay these fees, your case will likely not proceed until there is a payment. See more.

Other Fee Arrangements

Not absolutely all cases will involve a pure contingency cost arrangement. Lawyers may collect a short retainer to start your case and also accumulate a contingency payment by the end of your case. However, if you recover cash in your case, the amount already paid to the legal professional should be subtracted from the percentage that is due to the attorney at the end of the case. For example, if you paid $2,000 to the lawyer as a retainer and recover $90,000 in funds, the attorney will receive $28,000 from the settlement ($30,000-$2,000 = $28,000).

Is a Car Accident Lawyer Worth the Cost?

The general rule is this: The much more serious the injuries, the greater the value of hiring a lawyer. In the event that you were in a fender bender with little or no injury, you can probably negotiate an acceptable settlement yourself. You’d be doing yourself a disservice to pay a lawyer a third of a straightforward — and almost guaranteed — settlement.

In this case, you’ll reap the benefits of having a lawyer in Simcoe County to negotiate your damages effectively. Additionally, the risk of a lawsuit and trial puts pressure on the insurance company to give you a fair settlement. Click here for more information: