What Percentage Will A Florida Personal Injury Lawyer Take From A Case?
Accidents come with financial losses, and sometimes these losses can be overwhelming. Because of the financial losses that come after an accident, you may be wondering whether it is worth hiring an attorney after suffering a personal injury. Fortunately, personal injury lawyers understand that personal injury victims have unavoidable expenses to meet. Thus, most don’t bug their clients about payments. Most personal injury attorneys offer flexible and versatile payment plans. That said, the following is a discussion about what percentage Florida personal injury attorneys take from cases.
How Personal Injury Attorneys Usually Charge Clients
Unlike other attorneys, such as criminal defense attorneys who charge an hourly or flat fee, most personal injury attorneys collect a percentage-based fee once they are done with a case. This fee structure is known as a contingency fee structure. The contingency fee agreement is one that appeases most personal injury victims because a victim does not need to worry about paying any upfront fees. With a contingency fee arrangement, the law firm you hire to work on your case takes care of all your legal costs until your case is closed.
The good thing about the contingency fee structure is that if an attorney does not recover any compensation for you, you won’t have to pay for their services out-of-pocket. In other words, no win, no fee.
Additionally, the amount of money a personal injury attorney will take is contingent/dependent on the amount of compensation they secure for you. Law firms use percentages to determine how much a personal injury attorney should take as the contingency fee. So, you can be confident that the personal injury attorney you hire to help you with your case will work as hard as possible to get you the maximum possible amount of compensation. When an attorney obtains a large settlement for you, it means they also get to receive more money.
What Percentage Will Your Personal Injury Attorney Take From Your Case?
The percentage your attorney takes from your case will depend on several things. Some of the factors that affect a Florida injury lawyer’s fee percentage include;
- Whether yours is a claim or lawsuit
- Difficulty level involved
- Your case’s value
- Time limitations
However, personal injury lawyers often take 33.3% of the total settlement if a case settles out-of-court and 40% of the total settlement if a case goes to trial.
In conclusion, it is crucial to note that this percentage payment does not cover other costs like filing fees and expert witness fees. After a personal injury attorney has taken their percentage payment, other costs are paid from the rest of the settlement. Therefore, you must discuss how other costs will be handled with your attorney beforehand.
Legal Help Is Available
If you suffered injuries in Florida because of another party’s negligence, our Orlando personal injury attorneys at The Pendas Law Firm are here to help you take legal action to recover damages. Not only are we a contingency-based law firm, but our attorneys are also experienced in the field of personal injury. Reach out to us today to schedule a consultation for free.
The Pendas Law Firm represents clients in the Miami, Tampa, Jacksonville, Fort Myers, Fort Lauderdale, Ocala, Bradenton, West Palm Beach, and Daytona Beach areas.
Resource:
law.cornell.edu/wex/contingency_fee#:~:text=A%20contingency%20fee%20is%20a,win%20or%20settle%20their%20case
