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There are many questions that you get when your accident lawyer, but this one is the most popular: "Just exactly how much do you guys charge?" It's a fair question, because when you're considering hiring the services of a personal injury lawyer, doesn't it make sense to know what you're going to pay ahead of time? So here we explain in simple terms how much a personal injury lawyer charges and the differences between the two most common ways in which personal injury lawyers are paid, as well as which type of financial arrangement is the best one for you. Exactly How Personal Injury Fees Work Whether you've been the casualty of a car accident because of another driver, a motorcycle crash where you've been side-swiped by a truck or a loved one has been abused in a nursing home, you want pay back. If this happens to you, the very first thing you ought to do after you receive treatment for your injuries is seek the services of a personal injury lawyer who will watch out for your best interests. However, after you have sustained a personal injury, you may not be thinking clearly and may fail to understand all the aspects of how personal injury lawyers are compensated for what they do. In essence, there are two distinct ways in which personal injury attorneys get compensated ? but there is really only one way they get paid in the United States. We'll discuss that most popular way below. Understanding What a Contingency Fee Is The simplest as well as the most common means by which personal injury attorneys are compensated is by using a contingency clause with their clients. Even if you aren't familiar with the terminology, you'll undoubtedly recognize the description. Contingency is a percentage of the compensation you get from the other parties insurance company when you're injury lawyer is successful settling your case. When a personal injury lawyer charges a contingency fee, you are hiring them at no cost unless your case is successfully settled. This means that if for whatever reason, your case doesn't go your way and you receive no compensation from those responsible for your injuries, the personal injury attorney does not collect a fee. Exactly How Much to Personal Injury Lawyers Charge by the Case? In the personal injury world, contingency fees vary from country to country, state to state and from lawyer to lawyer. But in most cases, this works out at around one-third of the sum recovered. In most cases, the personal injury law firm has a standard fee they don't deviate from. Before you hire a personal injury lawyer for your personal injury case, don't just assume all personal injury law firms charge the same fee. Do the right thing and discuss their contingency process extensively before you agree to sign them on as your attorney. Why Contingency Fees Are Such a Great Thing for You When you think about it, both you and your attorney benefit from a contingency arrangement. When you're successful, you get paid. When you're unsuccessful you don't pay anything. So for you as the personal injury client, you're in an ideal situation. The best part of this contingency arrangement is that you will have a lot of confidence in your attorney to do the best job they possibly can to win your case. If they don't put forth their best effort, they don't make any money. One thing you'll need to check on is if your lawyer charges you based upon the net judgment fee or the gross award amount. If it's the gross award amount, this is far more preferable for you. Although I have never seen a case of a lawyer charging based on net, this is something to discuss prior to making your decision. It lets him know that you know the rules of the game. When it comes to how much a personal injury lawyer costs, it's fair to say that contingency is the best way to go. And in this case, the most common way to help you in your personal injury case is also the most fair. Best of luck winning your case.. To get more information about personal injury lawyers, visit klandrylaw.com.
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