• Aug 10, 2022

What Percentage Do Most Personal Injury Lawyers Take?

What Percentage Do Most Personal Injury Lawyers Take?

After car accidents, many people think about getting a car accident lawyer for help. Specialized lawyers can help protect the legal rights of an injured party in personal injury cases and help victims receive the compensation they deserve.

Some personal injury lawyers charge high hourly fees for their time, legal fees, and court costs. But Lawyers for Justice, PC works on a contingency fee basis. In other words, we are only paid if we win. The payment for both the attorney and the client they represent is made through the final settlement amount.

What percentage do personal injury attorneys take from settlements?

There is no tried-and-true rate all lawyers take for their legal services. As previously mentioned, most personal injury claims can be handled by a lawyer.

Unfortunately, the percentage law firms take from clients varies on an individual basis. Nonetheless, injured Californians can consult with an attorney to receive advice and discuss their specific case.

A passionate lawyer, like the ones at LFJ, prefer working on a contingency fee structure because they know that they can work hard to win a personal injury case. Some lawyers take on clients for the money. Lawyers for Justice, PC take on clients because we want to help them win their personal injury case.

What Percentage of Personal Injury Cases are Handled by a Lawyer?

A personal injury case is usually a complex matter. Whether it’s an injury from a car accident or if a California resident has fallen on someone else’s premises, it’s always better to reach out to personal injury law firm to help handle an injury claim.

While you don’t have to bound to a contingency fee basis if you represent yourself, car accident lawyers and other personal injury attorneys have a sophisticated knowledge of the law and can help you avoid other costs like expert witness fees and lost wages and the headache of having to deal with insurance companies.

It is usually worth the financial recovery an injury lawyer can recoup at the end of the case to go with a personal injury lawyer. Best of all, you lose nothing by working with a law firm with a contingency fee arrangement in place.

How Do Contingency Fees Work?

Contingency fees eradicate upfront costs for plaintiffs. Many personal injury lawyers have varying attorney fees; some lawyers take more of a percentage than others.

The personal injury attorneys prefer to charge clients contingency fees rather than hourly fees because their services are more accessible to those who do not have a lot of money saved to retain counsel for a personal injury claim.

With a contingency structure on a personal injury claim, the personal injury lawyer works much harder to win the case for the client. If they don’t win, they don’t get paid.

Once someone recovers a portion of their income from you, the cost of recovery is calculated in proportion to the amount received. The settlement can be negotiated in court or by verdict at trial. Contingencies fees are good for injured patients because of their non-assumed cost of treatment. It also helps personal injury cases move along faster. Plaintiffs can work quickly to develop an attorney client relationship with an experienced attorney without worrying about paying anything up front.

Contingency Fees Level the Playing Field

Why are contingency fees so favorable? They always have huge advantages for victims because the lawyers pay the big amounts.

Contingency fees are arranged to equalize a plaintiff’s participation in the lawsuit. In contingency fee personal injury cases, many plaintiffs would have to accept lower settlement rates or abandon their case with a personal injury lawyer because of the exorbitantly high legal expenses. However, with the help of a personal injury attorney, an experienced personal injury lawyer can help clients reduce the cost of the lawsuit and reduce the likelihood of an insurance agency shortchanging them.

If you’ve been injured, call Lawyers for Justice, PC today for a no obligation consultation. Whether you have expensive medical bills, a traumatic brain injury, or were involved in a car accident, our personal injury lawyers can provide legal advice and a free consultation to help you. Call (818) JUSTICE today.

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