How Much Does a Personal Injury Lawyer Cost?
In practical, everyday language, most personal injury lawyers won’t take a check from you directly for their services. Most of them work on contingency and they withdraw their fee from the money you get from the person or company you are suing. Generally, settlements and court decisions factor in the cost of legal services, so you get what you need to cover your losses and your lawyer gets what he or she needs to cover legal fees.
How Much of the Settlement Does the Lawyer Take?
Personal injury attorneys take, on average, 25% to 40% of the final settlement or judgment. The percentage varies based on several factors such as the complexity of the case, likely challenges by the defense, and the experience of the lawyer. Keep in mind, lawyers charge hundreds of dollars per hour when they work through a fee schedule so a percentage of 30% or 40% is often fair payment.
Is it Ethical to Use a Lawyer Who Gets Paid on Contingency?
Lawyers who work on a contingency fee basis generally help people who would otherwise be unable to hire a lawyer. Because there is no money up front, and generally no fee is the case fails, contingency cases help keep big companies in compliance with laws that only affect the poor and marginalized people in the community.