If you’ve been involved in a car accident and you’re thinking about hiring a lawyer you’re probably wondering how much do car accident lawyers charge? At the Law Offices of Randolph Rice, car accident claims are represented on a contingency basis. If you’ve been in a car accident and someone else was at fault, then you’re probably looking for a plaintiff car accident lawyer or a personal injury lawyer. Most people think that lawyers are expensive, but in car accident cases, lawyers work on a contingency percentage.
The contingency fee is typically 33.33% or 1/3 of a settlement and 40% if the case for proceeds to trial. The contingency percentage means that you don’t pay a penny out of pocket to start the representation. The contingency fee is based on the gross proceeds from the accident claim. There is no upfront fee paid by you under the contingency fee standard.
If you decide to hire a car accident lawyer, the first step is to interview the lawyer and determine if his or her services are a good fit for you. Unlike other types of legal matters that may charge an hourly rate or a flat fee, car accident cases are handled through a contingency fee agreement.
In a car accident case based on a contingency fee you do not have to pay a lawyer if you lose. The phrase “no fee unless we win” is used by the car accident and personal injury lawyers at the Law Offices of Randolph Rice.
In most accident cases if your case is won then you pay a percentage of the winning amount. For example, if your case settles for $100,000 then the legal fee is 33.33% of the gross settlement. In this example, the legal fee would be $33,330.00 If the case were to go to trial or a lawsuit is required then the legal fee would be 40% or $40,000. This does not include the legal costs that may be associated with the claim. You should speak with your lawyer and review the fee agreement in your case.
A car accident lawyer will cost you nothing up front. That means you do not have to pay the lawyer when you retain him. That lawyer will do all the work as well as investigation and document retrieval for no upfront fee. When you win, then the lawyer will be paid from the settlement.
Below is an example of a typical personal injury representation agreement regarding fees for a car accident.
PERSONAL INJURY REPRESENTATION AGREEMENT
I, the undersigned Client, do hereby retain the lawyer, his partner(s), associate(s), and any successor firm, as my Attorneys to institute or adjust such claims or actions as may be deemed advisable by said Attorneys to recover damages resulting from an accident/incident/action and injuries which occurred on or about the date as listed on page three and involving the client named on page three of this agreement and on the and hereby give the said Attorneys exclusive right to take all legal steps to enforce such claims. This Agreement does not encompass the recovery or adjustment of property damage claims.
In consideration of the services rendered and to be rendered, it is agreed that the said Attorneys shall retain One Third (33%) of any settlement. In the event that this amount should exceed the statutory maximum fee, then the statutory maximum fee shall apply.
IF NO RECOVERY IS OBTAINED, NO FEE SHALL BE PAYABLE TO THE ATTORNEY.
In the event a lawsuit is filed or an arbitration procedure is instituted by the Attorney in this matter, the legal fee shall be forty percent (40%) of the total verdict or of any settlement obtained prior to verdict.
WHETHER THE CASE IS SETTLED PRIOR TO TRIAL/ARBITRATION OR LITIGATED, ALL EXPENSES INCURRED IN THE PREPARATION OF THIS CASE (INVESTIGATIONS, MEDICAL RECORDS, COURT COSTS, EXPERT WITNESSES, COPIES, ETC.) SHALL BE PAID FROM THE PROCEEDS/BALANCE PAYABLE TO THE CLIENT AFTER ATTORNEYS FEES HAVE BEEN DEDUCTED FROM THE TOTAL SETTLEMENT OR JUDGMENT BASED ON THE ABOVE CALCULATIONS.
If you’ve been hurt because of someone else, contact the car accident lawyers with the Law Offices of Randolph Rice today to schedule a free consultation and to discuss your accident.