If you’re involved in a car accident, and another party is at fault, you’ll be able to appoint an attorney on a contingency basis. Find out when it’s worth the cost.
If you’ve been in a car accident, and someone also is to blame, you’ll be looking for a plaintiff’s car accident lawyer. We all know lawyers are expensive, but how much will you need to pay?
In this article, we’ll take a closer look at how contingency fees work and what you may expect if you decide to hire a lawyer to handle your car accident case.
- Fees and Expenses
Depending on the lawyer and your contract for lawful services, you may or may not be responsible for upfront court fees and other litigation operating expense.
These fees and expenses contain court filing fees, cost of serving summonses and subpoenas, expenses of obtaining medical records and police reports, court reporter fees, and expert witness fees.
Many personal injury firms need the client to pay the above-mentioned fees as they become due. If your contract states that you are responsible for these expenses, you can expect a personal injury firm to call you and seek payment as the fees become due. If you cannot pay these costs, your case will likely not proceed until there is a payment.
- Other Fee Arrangements
Not all cases will involve a pure contingency fee agreement. Lawyers may collect an initial retainer to begin your case and also collect an emergency fee at the end of your case. However, if you recover money in your case, the amount already paid to the attorney must be subtracted from the percentage that is due to the attorney at the end of the case. For example, if you paid $2,000 to the lawyer as a retainer and recover $90,000 in a resolution, the attorney will receive $28,000 from the resolution ($30,000-$2,000 = $28,000).
- Is a Car Accident Lawyer Worth The Cost?
The general rule is this: The more serious the injuries, the higher the value of hiring a lawyer. If you were in a minor fender bender with little or no injury, you may probably negotiate an acceptable settlement yourself. You would be doing yourself a disservice to pay a lawyer a third of an easy and almost guaranteed — settlement.
On the other hand, if you were injured and needed any important medical treatment, the settlement value of your case rises quickly. This means the insurance adjuster will work to reduce your damages and try to get you to accept a very low settlement offer – they are in the dealing of making money, not spending it. This fact is evidenced by a 1999 study by the Insurance Research Council who finished that, on average, claimants represented by a lawyer received 3 ½ times the settlement money like those without.
In this case, you’ll advantage from having a lawyer to negotiate your damages effectively. Additionally, the threat of a court case and trial puts pressure on the insurance company to offer a fair settlement.
Choosing Your Car Insurance In Calgary can be a tricky task, one of the easiest ways of doing this is to choose a broker who has access to all the major underwriters, This way you know you ae going to receive the correct cover you require at a price that suits you. So you wont ever need a car accident lawyer that you need to pay for.