How much does it cost to hire a personal injury lawyer? Brooklyn NY
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Contingency Fee Agreements
It is difficult for most people to come up with a lot of money in advance to pay a lawyer. And most people would find it difficult to pay a lawyer on an hourly basis through the entire pursuit of an injury claim and possible lawsuit.
So, lawyers who take on accident or injury cases have developed an alternative payment system in which they require no money from a client to begin a case, and instead take as their fee a percentage of the client’s final settlement or court award. This arrangement, known as a “contingency” fee agreement, can be extremely useful to clients and lawyers alike.
Contingency fees are not cheap—they reflect the fact that the lawyer is taking a risk and that you are not paying anything up front. In personal injury cases, a lawyer’s fee is usually 33% to 40% of the amount the lawyer gets for the client. And by the time expenses are also subtracted, the client sometimes takes home much less than the amount the lawyer actually got from the insurance company.
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How much does it cost to hire a personal injury lawyer? Brooklyn NY
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