Accidents & mishaps are unfortunate but can happen to the best of us. If you sustained injuries or losses in an accident that happened because the other party was negligent or had bad intent, you could seek compensation. New Jersey laws are not complicated, but winning a lawsuit involves considerable work and effort. Working with a reliable Jersey City personal injury lawyer can help you recover a fair settlement. The settlement should cover for your losses like current & future treatments related to the injuries endured, lost income, and lost future earnings. People often don’t consider lawyering up because they are worried about the costs. How much does it cost to engage injury lawyers? In this post, we share an overview.
The contingency fee arrangement
When you hire a family lawyer for your divorce or a criminal lawyer for your defense, they typically charge an hourly rate. The lawyer will charge for the number of hours they work on the case. Depending on the facts of the case, a lawyer may also charge a flat fee. When it comes to personal injury lawyers, things are different. Most lawyers and law firms charge what is called a “contingency fee”. The fee is only payable when you win. Your lawyer will explain their fee in advance and will sign necessary papers, and when you make a recovery, they take a percentage of that, depending on the initial agreement.
What determines the contingency fee?
Various factors may influence the contingency fee charged by an injury lawyer. Generally speaking, experienced lawyers tend to charge more than others. If the case is a complicated one, your lawyer will have to work more, and therefore, the fee would be higher. The contingency fee may vary, but the standard range is anywhere between 25% and 40%. What happens when the lawyer cannot win the case for you? No matter how hard they work, a lawyer can only demand their fee when you make a recovery.
There could be other costs related to the case, which a lawyer can explain to you in advance. For instance, in some cases, it may be necessary to use reliable accident investigation services to determine and find evidence. If the lawyer finds potential in your case, they can advance these expenses on your behalf until you get paid. However, always ask about that.
Get a lawyer as soon as you can for your injury lawsuit.