Cost of Hiring a Personal Injury Attorney
Hi. I’m Indiana personal injury attorney David Holub.
When you’ve been injured in a car crash, motorcycle accident, slip and fall, or due to a product defect, or other negligence situation, medical bills can mount up. Paying these bills can be a huge problem especially if you are not able to work due to your injury.
Hiring a personal injury attorney may be the only way to recover the compensation you deserve.
But how do you pay for an attorney?
Attorneys handling injury claims often work on a contingency fee basis. This means the client pays no attorney fee upfront.
The attorney is paid if there is a favorable jury verdict or settlement that the attorney obtains for you by presenting a compelling case for you. In a contingency fee agreement, payment for your attorney’s services is contingent upon you receiving compensation.
When working on a contingent fee basis, the attorney will receive a fixed percentage of the compensation you recover (often 33-1/3 %).
You will be responsible for any expenses your legal team incurs in order to successfully resolve your case.
What is meant by expenses? These costs include:
- Accident reconstruction costs
- Expert costs
- Court filing fees
- Deposition Transcript Costs
- Travel costs
- Costs to obtain records to support the claim
Often attorneys advance all or a portion of these costs and expenses as they arise.
However, these expenses are deducted from your share of the settlement or court award after the case is won.
The contingency fee allows an injured party to hire a law firm and fight insurance carriers on a fair playing field.
If you would like to learn more about personal injury law, we encourage you to listen to our Personal Injury Primer Podcast where we break down the law into simple terms, provide legal tips, and discuss topics related to personal injury law.
And please read our book “Fighting For Truth: A Trial Lawyer’s Insight Into What It Takes To Win” where we do our best to entertain and pull readers into the courtroom to give them a glimpse of the legal process and what it takes to win at trial.