What You Need to Know About Personal Injury Attorney Fees

Personal injury attorneys provide essential legal services to those who have been injured due to the negligence of another party. They help victims seek full and fair compensation for their losses and suffering, often in the form of a settlement or jury verdict. But with any legal service comes fees, and personal injury lawyers are no different. In this blog post, we will discuss what you need to know about personal injury attorney fees so that you can make an informed decision when hiring representation for your civil claim. We will cover topics such as contingency fees, how much a lawyer might charge for an initial consultation, and more.

So, if you’re considering filing a personal injury claim but don’t know where to start when it comes to finding an attorney and understanding their fee structure, then keep reading!

Call 317-881-2700 to Speak With a Personal Injury Attorney in Indianapolis
Call 317-881-2700 to Speak With a Personal Injury Attorney in Indianapolis

Types of Fees You Might Owe to Your Personal Injury Attorney

Contingency Fees

One of the most common payment structures used by personal injury law firms is a contingency fee arrangement. This means that the firm will only collect payment if they successfully win your case and obtain monetary compensation for you. Depending on the firm, this percentage could range anywhere from 33.33 to 40 percent of the total money recovered in your claim. It’s important to remember that not all accident law firms work on a contingency fee basis, so it’s always best to check with them beforehand or during your consultation.  For example, our law firm charges 33.33% for attorney fees if the case is settled and 40% if the case goes to trial.  The increase in fees is due to the increase in work in actually trying the case.  Some attorneys charge 40% for settlement and 50% for trial but we do not.

Case Evaluations

Another factor that can affect personal injury law firm fees is how much they charge for an initial consultation. Many accident attorneys provide first-time consultations for free, while others may charge a flat fee or hourly rate. Regardless of what you decide to do, make sure you have a thorough understanding of the attorney’s fee structure before committing to anything binding.  Our law firm offers a free initial consultation.

Fees Associated with Filing a Lawsuit

Finally, personal injury lawyers might also bill you for certain expenses related to your case. These expenses could include filing fees, deposition fees, charges for expert witnesses or investigatory teams, copies of records or reports, legal research fees, basic office expenses, and other costs. If there are additional costs throughout the legal process, it is important to make sure that you understand how and why your personal injury attorney has been authorized to cover them. Knowing upfront what outlying costs might be associated with your case is key to getting started on the right path toward financial justice.  Our law firm normally pays for these expenses up front so our client does not have to come up with the money initially and then we reimburse ourselves out of the settlement or verdict amount.  If we do not obtain a recovery we do not recover for the expenses.

There is No Need to Worry About Fees When You Hire the Right Injury Lawyers

Overall, understanding personal injury lawyer fees is an essential part of making an informed decision when hiring legal representation for a tort claim or lawsuit. With so many accident law firms out there competing for business, it is important to choose the right litigators. Doing your research and knowing what fees you should expect can help you make the best decision for your case.

Get Started on Your Case Without Any Upfront Fees!

Here at the Law Office of Craven, Hoover, and Blazek P.C., we understand that finances can often present a stressful obstacle when it comes to pursuing a legal claim, especially when someone may be off work due to their injuries and having little income coming in. That’s why we operate on a contingency fee basis; that means you’ll never owe us anything unless we achieve a settlement for you. Moreover, if you’d like to discuss the circumstances of your case with seasoned personal injury attorneys, but without any financial responsibility, then worry not – our consultations are offered completely free of charge. We can assist in evaluating the validity of your claim and guide you through the legal process, providing support from beginning to end.

So, if you’re in need of legal representation and would like to discuss what way forward is best for you, get in touch today and let us know how we can help. Contact us to speak with a qualified Indianapolis personal injury attorney about your case. We represent victims all throughout the state, as well as Indiana residents injured in other states and residents of other states injured in Indiana.

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An Explanation of Personal Injury Lawyer Fees

In most cases, personal injury law firms operate on a contingency payment arrangement business model, which means their fees are dependent on the outcome of a client’s case. Continue reading to learn more about personal injury lawyer fees, and what you can expect to pay for regarding your case.

Contingency Fee Personal Injury Lawyers
Contingency Fee Personal Injury Lawyers 317-881-2700

Contingency Fee Payment Arrangements

The majority of personal injury attorneys work on a contingency-fee basis. So, if your personal injury lawyer offers their professional services using this business model, it means they do not collect any payment from their clients unless they recover a settlement or verdict. Clients who are billed on contingency only pay the lawyer after they are awarded compensation. Now, the amount a client pays their personal injury lawyer out of their settlement depends on various factors, namely the complexity of the case, the longevity of the legal process, and the number of legal resources needed to acquire a full and fair settlement in the end.

Under a contingency-fee arrangement, a client pays nothing at all if their lawyer does not obtain a settlement or verdict for them.

No Upfront Fees

Because a contingency-fee payment arrangement requires a client to pay for their lawyer’s service only after a settlement or verdict is won, there are no upfront or initial legal fees to satisfy. Hiring a personal injury lawyer requires no payment of any kind unless they recover compensation for you; then you must pay for their services, as well as any additional legal fees incurred during the process.

Average Lawyer Fees

Personal injury lawyers will write up a payment arrangement contract in the beginning, so you will know exactly what to expect in terms of paying your lawyer bill after the case is settled. In some cases, a lawyer might need to send the defendant party a demand letter or obtain further information, which would require a revision of the payment agreement if the case were more complex than initially thought. Although it varies greatly from firm to firm, most personal injury attorneys’ fees range between 33 and 40 percent of the total settlement recovered. In addition to paying this fee, clients will also have to cover any expenses incurred by the lawyer during the case.

Post- Settlement Legal Fees

When working on contingency, a personal injury lawyer usually pays for any needed legal resources to build their case. Then once a settlement is awarded, the client must pay these fees back, as well as the overall fee for legal representation. Such fees outside of the lawyer’s service fee include expenses like court costs, filing fees, medical records, police reports, investigator fees, expert witness fees, depositions, transcripts, trial exhibits, and even mailing postage.

In the end, personal injury lawyer clients can expect to pay between 40% and 65% of their total settlement. So long as you find an experienced Indianapolis Indiana law firm to represent your case, you will have more than enough compensation to cover all of your losses, plus pay your lawyer their due.

Are you looking for a personal injury lawyer to represent your accident claim? Contact the Law Office of Craven, Hoover, and Blazek P.C. at 317-881-2700 to schedule a free case evaluation with a skilled and experienced accident attorney in Indianapolis, Indiana. We represent injured persons throughout the State of Indiana.

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