How Much Does a Personal Injury Lawyer Cost?

Indianapolis Accident Lawyers 317-881-2700

Indianapolis Accident Lawyers 317-881-2700

Depending on the type of legal services and representation needed, legal fees and lawyer costs will vary. These kinds of costs also vary from law firm to law firm, and often times, depend on the complexity of a client’s case. Knowing the types of fees and prices for lawyers is an important part of choosing a legal team that fits your needs. It is encouraged to ask lawyers questions about their fee arrangements and billing practices ahead of time so that you are better-prepared when the final bill comes and you can fully-comprehend its charges. A lawyer should be open and more-than-willing to disclose payment and billing details to potential clients.

Keep in mind that cheaper is not better when it comes to your legal protection. Be prepared to spend a good hunk of money on effective and reputable legal services. A reputable law firm’s attorney prices should be high but reasonable. Continue reading to learn about common billing practices and rates used by attorneys and law firms in general, and then more specifically, personal injury lawyers.

Lawyer Rates

There are several different types of fee arrangements and rates attorneys charge for their services. Some law firms will use just one type of billing method, while another might use multiple in combination. The most common are hourly rates, flat rate fees, retainers, and contingent fees. Here is a basic description of each:

Retainers

A legal retainer is an upfront payment, given in advance, to a lawyer for their services. Retainers are usually accompanied with hourly billing. Paid retainers are generally placed in a special trust account, and then debited as legal fees accrue. It is important to monitor legal retainers and billing statements as representation continues to ensure proper invoicing. Keep in mind that retainers are not refundable, with very few exceptions.

Hourly Fees

Charging by the hour is the most common billing practice used by attorneys and law firms. A lawyer can choose to charge clients by the hour, based on all the hours they put into a client’s case. The hourly-rate is either pre-set or agreed upon between clients and lawyers. Hourly rates will depend on a lawyer’s experience, location, overheads, and more. It is important to retain the legal services of an experienced attorney.

Contingent Fees

Contingent fees are the most common form of billing practice used by personal injury law firms and attorneys. This payment arrangement works by not charging clients any retainers or upfront fees, but collecting up a percentage of whatever monetary settlement they recover for them. Personal injury claims are complex and vary from case to case, so the percentage collected upon judgment will vary among lawsuits.

Craven, Hoover, and Blazek P.C.

Personal Injury Lawyers 317-881-2700

Personal Injury Lawyers 317-881-2700

Call 317-881-2700 today and speak with licensed personal injury attorney, Daniel Craven, about filing an accident claim in Indianapolis, Indiana. We offer free initial consultations and never collect attorney fees unless we prevail for you! Call 317-881-2700 for questions about personal injury lawsuits or to schedule a consultation with a seasoned Indianapolis personal injury lawyer you can trust.