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In personal injury cases, a lawyer's fee is usually 33% to 40% of the amount the lawyer gets for the client. And by the time expenses are also subtracted, the client sometimes takes home much less than the amount the lawyer actually got from the insurance company.
In the majority of cases, a personal injury lawyer will receive 33% (or one-third) of any settlement or award. For example, if you receive a settlement of $30,000 from an at-fault party's insurance company, you would keep $20,000 and your lawyer would take $10,000.
Hourly fees for personal injury attorneys can range from $150 to $500 per hour, depending on the factors mentioned earlier. Most people prefer the contingency fee arrangement because it allows them to hire a lawyer without having to pay any upfront costs.
Learn all about standard attorney fees for personal injury cases. See how fees, costs, and liens affect your final payout.
Personal injury attorney fees are generally pretty expensive, but they’re also negotiable and flexible. The below examples are standard methods by which attorneys can receive payment for their services.
How much do lawyers cost? The answer varies based on the type of case and payment structure. Check out this guide to attorney fees to learn more.
So, your attorney gets $25,500 (30% of $85,000) and you get the remaining $59,500. In this example, the timing of the deduction for costs results in a difference of $4,500. Learn more about what to ask a personal injury lawyer before hiring one.
Lawyers defending personal injury claims, such as insurance company attorneys, typically charge hourly fees. An hourly fee might work well if the client has some financial resources, and the case seems likely to settle efficiently for a substantial amount.
Most personal injury cases use a contingency fee basis where the lawyer is paid a percentage of the money you receive in a settlement or jury award. Contingency fees may not include the legal cost of the case, including expert witness fees, depositions, and trial preparation.
There are various different types of costs and fees you may encounter during your case, including contingency fees, hourly rates, and expenses, which is why it's extremely important to find a personal injury attorney who will work within your budget to help you get the compensation you deserve.