You don’t need an injury lawyer, until you do.
So when you do, how do you pay him?
Most injury lawyers work on a contingency fee basis. You only pay if the lawyer is successful in getting you compensation. You are charged a percentage of the amount the lawyer gets for you. Usually about 30%.
The at-fault driver’s insurance company will pay:
Damages for things like pain and suffering and loss of income;
Interest on your damages; and
A contribution toward your legal fees.
The contingency fee is calculated on only the damages and interest.
Let’s say the defendant paid $10,000 to you for damages and interest. Your legal fee would be $3,000, leaving you with $7,000. The defendant’s contribution toward your legal fees in this example would be about $1,500. That’s your money to keep increasing your net recovery to $8,500.
You don’t need an injury lawyer, until you do. When you do, a contingency fee agreement is usually the way to go.
