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When it comes time to hire a lawyer, most people worry about what it's going to cost them. Different types of lawyers charge their clients differently. In the case of Sarasota injury attorneys, here are some things that you should know about the costs associated with hiring them. Contingency Fees Most of these lawyers charge clients a contingency fee. This means that the client won't be expected to pay anything until they receive a monetary settlement or win a judgment in court. If they win, they will also be responsible to cover all expenses made while preparing the case. Some of these expenses could include expert witness fees, medical record transfers, police reports, or court filing fees. If you lose the case, however, most lawyers will waive these costs. The contingency fee is a percentage of the money received. The amount varies by region, but the average percentage is 33%. When lawyers charge based on a contingency fee, they are motivated to get the largest amount possible in order to increase their paycheck, too. Hourly Rates Hourly rates for these types of cases are less common. Most lawyers only bill an hourly rate if they think that the case is weak or a large payout is unlikely. You can discuss the rate that the attorney will charge you for every hour spent working on the case. The hourly fee is billed to you no matter if you win or lose. It can be difficult to pay these fees when you're struggling to pay your medical bills already. However, you could end up paying less than you would with a contingency fee. When you need to hire a Sarasota injury attorney, it's important to discuss the costs before you actually hire them. Make sure that you know exactly what you'll be expected to pay if you win or lose the case.
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