If you’ve been involved in an accident and suffered an injury, you are probably thinking about hiring an attorney. However, you may be wondering how much it will cost and whether you will be able to afford it. Fortunately, most personal injury lawyers offer their services on a contingency fee basis.
A contingency fee arrangement means that the attorney’s fees will be dependent upon the outcome of your case. If you receive a settlement offer or are awarded damages at trial, your attorney will receive a percentage of the amount received. If you lose your case, your attorney will not collect any fees.
Most contingency fee arrangements will give the personal injury lawyer between 30 and 40 percent of your recovery amount. Your contingency fee agreement will specify the exact percentage, and you can always attempt to negotiate a reduced percentage. In most cases, an attorney will receive 33% of any settlement or court award.
Many personal injury lawyers will compose fee agreements with staggered percentages so that they will receive a higher percentage of your payout if your case goes to trial. This is sometimes referred to as the “sliding scale.”
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Call Us Today to Speak with a Personal Injury Lawyer in St. Louis
If you’ve been injured in an accident, you should contact a personal injury lawyer as soon as possible. To schedule a free consultation with an attorney, call Schultz & Myers Personal Injury Lawyers today at 314 444-4444 or contact us online.
Personal Injury Attorney Fees FAQ
Do I Have to Pay for Court Fees and Other Expenses?
In most contingency fee arrangements, your lawyer will pay for court fees or other expenses upfront and then be reimbursed by your share of the settlement or court award.
What Happens if I Switch Lawyers?
If you decide to change personal injury lawyers, they will split the attorney’s fees when your case is resolved.
What Are the Benefits of Contingency Fee Arrangements?
Contingency fee agreements allow injury victims to afford to hire an attorney while aligning the attorney’s interests with their clients.