Auto Accident Attorneys and Contingency Fees
The majority of auto accident attorneys representing victims charge contingency fees. Being paid on a contingency model an attorney gets paid if they can recover money for their client. If the client doesn't win, the lawyer doesn't win. It is important to know that contingency fees are separate from the attorneys out of pocket expenses. So that means that in addition to paying the contingency fee, the client may still owe the lawyer some additional monies.
Contingency fees are usually a set percentage between 22% and 40%. A lot of states set a limit on how much a lawyer can charge. See the other best information about Auto Accident Attorneys. In the majority of states, lawyers are limited to 33% but some states do allow lawyers to take a more. Also the amount an auto accident attorney can take in contingency fees is contingent on what stage the case is at when the lawyer secures a win for their client.
It is not common for auto accident cases to go to trial. Most auto accident attorneys are able to get defendants to settle out of court after lengthy negotiation. Some are settled much sooner than that. Before an auto accident attorney files a claim or does much of anything, they will send what is called a demand letter to the negligent party outlining what the perceived wrong is and how much the defendant owes. Sometimes a demand letter is all it takes and the other person pays what is demanded of them and the issue is solved. Learn more about Auto Accident Attorneys in link http://www.mahalo.com/how-to-become-a-personal-injury-lawyer/. Sometimes it takes a little more strong arming to get them to cave in and sometimes the case goes all the way to trial.
If a lawyer gets their client compensation after sending one demand letter they will take a smaller percentage in contingency fees. If they have to file a lawsuit to get the other party's attention they will take a bigger percentage and if it goes all the way to trial they will take an even bigger percentage. It is very important for clients to consider the attorney's fee when deciding if they want to take an offer that has been made before a lawsuit has been filed. If the other party offers an amount of money that the victims considers too low, the victim needs to take into account that by deciding to file a lawsuits they are now obligated to pay quite a bit more in lawyer fees. Check out the site http://www.siegfriedandjensen.com. It might make financial sense to take the low offer.
Contingency fees are usually a set percentage between 22% and 40%. A lot of states set a limit on how much a lawyer can charge. See the other best information about Auto Accident Attorneys. In the majority of states, lawyers are limited to 33% but some states do allow lawyers to take a more. Also the amount an auto accident attorney can take in contingency fees is contingent on what stage the case is at when the lawyer secures a win for their client.
It is not common for auto accident cases to go to trial. Most auto accident attorneys are able to get defendants to settle out of court after lengthy negotiation. Some are settled much sooner than that. Before an auto accident attorney files a claim or does much of anything, they will send what is called a demand letter to the negligent party outlining what the perceived wrong is and how much the defendant owes. Sometimes a demand letter is all it takes and the other person pays what is demanded of them and the issue is solved. Learn more about Auto Accident Attorneys in link http://www.mahalo.com/how-to-become-a-personal-injury-lawyer/. Sometimes it takes a little more strong arming to get them to cave in and sometimes the case goes all the way to trial.
If a lawyer gets their client compensation after sending one demand letter they will take a smaller percentage in contingency fees. If they have to file a lawsuit to get the other party's attention they will take a bigger percentage and if it goes all the way to trial they will take an even bigger percentage. It is very important for clients to consider the attorney's fee when deciding if they want to take an offer that has been made before a lawsuit has been filed. If the other party offers an amount of money that the victims considers too low, the victim needs to take into account that by deciding to file a lawsuits they are now obligated to pay quite a bit more in lawyer fees. Check out the site http://www.siegfriedandjensen.com. It might make financial sense to take the low offer.