While most cases require upfront payments towards the lawyer, in personal injury cases you don’t have to pay anything until the situation is resolved. However, the lawyer gets paid by a percentage of the sum you’ll be getting in settlements, as Bojat Law Group suggests.
In this article, we’ll be talking about the percentage that injury lawyers take for such cases. In addition, we will go through the factors that determine the percentage taken from the attorneys. Keep reading and find out more.
Explanation of the contingency payments
As mentioned above, in personal injury cases, you are not directly paying the lawyer, but they are getting paid by a contingency percentage. This can vary from a third of the settlement sum, up to half of the settlements you receive. If you get no money out of this case, the attorney gets nothing.
However, whether your lawyer will receive thirty or fifty percent there is a huge difference, and this is dependent on various factors.
Firstly, when will the case be resolved? If you have lots of evidence, your representative can send an offer to the other side and they can pay before going to court. This is the easiest way to solve the issue and the percentage the lawyers take in this stage is around 30 percent or below.
If that doesn’t work, the case goes to the point of filing a lawsuit, the attorney will take around forty percent. If the case comes to trial, you can expect to give around fifty percent of the settlement.
For that reason, there is advice from Bojat Law Group. Before you deny a settlement before going to court, calculate the percentage that will go to the lawyer and see how much there is left for you.
Expenses covered by the attorney
During the case, you can expect your law representative to pay for every expense which will later be deducted from the award. This includes your medical and police documentation, court expenses, and every fee related to the case.
The expenses grow as the case gets deeper in court. With that, not only does the percentage rise, but the expenses grow as well so you can expect to give out around sixty percent of your award.
Who gets the payment
According to Bojat Law Group, the payment of the case arrives at your lawyer first so they can get their cut and avoid not getting paid. When the settlement arrives, you’ll be quickly informed so you can meet and get your award.
From the amount you receive, they cut the percentage as well as the expenses they covered which you get a detailed item list. The remaining part is yours, and the situation is completely resolved.
What happens if you replace your attorney during the case
If you plan on firing the attorney that represented you first, bear in mind they still deserve a part of the settlement you receive. If you fail to pay them, you can get sued which is something you surely want to avoid. Instead, you can do amicable termination of the contract where they’ll provide written proof they are waiving their part of the settlement.
