If you’ve been hurt in an automobile crash, you might realize that you need a lawyer. You may also be concerned about how you’ll pay for a lawyer. In this guide, I will explain how auto accident lawyers generally charge for their services.
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Of course, some lawyers, and some cases, are different. This is more of a general guide than a definitive statement of any specific traffic accident lawyer (also known as ‘abogados accidentes de trafico‘ in the Spanish language) would handle your case.
CONTINGENT FEE AGREEMENTS
In most automobile accident cases the attorney and client enter into a contingent fee arrangement. Under a contingent fee agreement, the attorney only earns a commission if some event – a”contingency” – occurs. Normally, that contingency is that the client wins a judgment or the case settles.
The lawyer’s fee in a contingent fee case is normally dependent on the amount of the judgment that is awarded at the close of the case, or the amount of the settlement.
PORTION OF THE FEE AWARD
Normally, in an automobile accident case, if the case is resolved through settlement, that proportion of the recovery that is the lawyer’s fee is 33 percent. If a lawsuit must be registered, the percentage generally goes up, and in the very rare instances where there is an appeal after the litigation the percentage goes up yet again.
The proportion of the recovery going to legal fees increases at a few points since these points are where there’s a big increase of the amount of work that the attorney must do. Yet, at the exact same time, these points aren’t necessarily where there’s a large increase in the recovery that you would be likely to receive.
The attorney’s fee in this kind of arrangement is normally based on the gross recovery. There are almost certainly costs of bringing a lawsuit or investigating a claim. These prices includes filing fees, Professional’s costs, investigator costs, the costs of getting medical records, deposition expenses, and the price of preparing displays, among other things. What the client recovers at the end is reduced by the attorney’s fee and the costs of the lawsuit.