How Much Do Lawyers Usually Take from Settlement?
Posted on Wednesday, March 15th, 2023 at 1:53 pm
If you’re involved in a personal injury case, you may wonder how much of your settlement or award your lawyer will take. The answer to that question depends on various factors, such as the type of case, the complexity of the case, and the fee agreement you have with your lawyer. In this blog post, we’ll discuss some factors impacting how much lawyers usually take from a settlement.
In most personal injury cases, lawyers work on a contingency fee basis. This means that the lawyer only gets paid if you win your case. If you don’t win, the lawyer doesn’t get any money from you. Contingency fees are usually a percentage of your settlement or award. This percentage can vary depending on the type of case and the lawyer you hire.
For personal injury cases, contingency fees typically range from 33 to 40 percent of the total settlement or award. However, it’s important to note that the percentage can be higher or lower depending on the circumstances of your case. For example, if your case is very complex and requires a lot of work, your lawyer may charge a higher percentage. If your case is relatively straightforward, your lawyer may charge a lower percentage.
It’s also important to understand that the percentage your lawyer takes from your settlement or award covers all of their expenses related to the case. This includes court costs, expert witness fees, and other expenses that can add up quickly.
Negotiating with Your Lawyer
If you’re concerned about how much your lawyer will take from your settlement, you might be able to negotiate the percentage. However, it’s important to understand that not all lawyers are willing to negotiate their fees. Additionally, if your case is very complex and requires a lot of work, your lawyer may not be willing to negotiate their fee because they feel they deserve compensation for their time and effort.
When negotiating with your lawyer, being respectful and professional is essential. Remember, your lawyer is working hard to help you get the best possible outcome for your case. If you’re rude or aggressive, it’s unlikely that they’ll be willing to negotiate with you.
Other Costs to Consider
In addition to the contingency fee, there may be other costs associated with your case that you’ll need to pay for out of your settlement or award. These costs can include medical bills, court fees, and other expenses related to your case.
Discussing these costs with your lawyer before you sign any agreements is essential. Your lawyer should be able to provide you with a clear estimate of these costs so that you can plan accordingly.
About Lawrence and Associates Accident and Injury Lawyers, LLC
Lawrence and Associates Accident and Injury Lawyers, LLC is a law firm based in the Greater Cincinnati area with locations in Fort Mitchell, Kentucky, and Sharonville, Ohio. Our firm is dedicated to helping those who have been injured or are experiencing financial distress. We offer legal services related to personal injury, workers’ compensation, social security claims, and bankruptcy.
At Lawrence and Associates Accident and Injury Lawyers, LLC, we believe in using modern technology to improve our clients’ experiences. We offer free, confidential consultations with our attorneys via video conferencing, chat, phone, or email, as well as live, in-person consultations at our office. We utilize cutting-edge software to maximize our clients’ claims and use a web interface to send documents directly to judges and trustees, making the legal process as smooth, quick, and easy as possible.
Our attorneys are highly skilled, experienced, and compassionate. We understand that the legal process can be overwhelming and stressful, and we’re here to guide our clients every step of the way. We pride ourselves on our reputation for customer satisfaction and work hard to give back to our community.
In conclusion, the amount of money that lawyers usually take from a settlement can vary depending on a variety of factors. If you’re involved in a personal injury case, it’s important to discuss your fee agreement with your lawyer before you sign any documents. This will help you understand how much you will need to pay your lawyer and what other costs you’ll need to cover.
Call Lawrence and Associates Today
At Lawrence & Associates Accident and Injury Lawyers, LLC, our personal injury attorneys pride ourselves on being transparent with our clients about our fees and expenses. We believe that our clients deserve to know exactly what they’re paying for and why. If you have any questions about our fee structure or the costs associated with your case, please don’t hesitate to contact us. We’re here to help!