World Executives Digest | How Much Does a Car Accident Lawyer Cost? | Are you looking to hire a car accident lawyer?
If yes, it’s clear you were involved in a car accident. What’s not clear is the exact reason you need the lawyer. Perhaps you’re the at-fault driver and you want to defend yourself against an imminent compensation claim. Or maybe you were the receiving end and you need a lawyer to pursue a claim against the at-fault driver.
But then you want to know how much the lawyer will cost you and you can’t seem to quite figure it out.
We’re here to help.
Continue reading to learn more about the costs involved in hiring a car accident attorney.
Before any lawyer takes up your case, they must consult with you. This is where they learn more about your case and establish its merits and demerits.
A lawyer doesn’t have any obligation to take up your case after the initial consultation.
The first cost you’re likely to meet when hiring a car accident attorney is the consultation fee. We say likely because most car accident lawyer offers free, no-obligation initial consultations.
However, you can still find a lawyer who charges a consultation fee. This is likely to be anywhere from $100 to $200, depending on your location.
Your lawyer has taken up your case. Whether you paid a consultation fee is no longer relevant here.
But this is where you’ll encounter a contingency fee. This is what you’ll pay your lawyer, but only once the case is won.
Now, contingency fees vary from lawyer to lawyer, but the industry standard is 33.3 percent. So, if you’re claiming $100,000 and the case is won, the lawyer will take a $33,000 cut.
The 33 percent standard rate isn’t cast in stone. There are a number of factors that will determine your rate, including the complexities of the case. In fact, it can go up to 40 percent or higher if the case goes to trial. But if it’s a straightforward case, you could negotiate a lower rate, probably something in the region of 20 to 25 percent.
Read these articles to learn more about the nature of various car accidents and how they can affect your costs.
You’re probably thinking that it’s possible to hire a lawyer without spending a dime if you lose the case.
Well, that isn’t entirely correct. Even if the consultation was free and the case was lost (hence no contingency fee), there are other fees you’ll typically incur.
For instance, there could be administrative fees to handle the associated paperwork. In case the lawyer needs to collect evidence, there will be costs you’ll have to meet. Taking a case to trial also costs money, which will come out of your pocket.
The Cost of Hiring a Car Accident Lawyer Varies
Hiring a car accident lawyer is incredibly important after you’ve been involved in a road accident. With this guide, you now have a clear picture of what hiring the lawyer could cost.
Keep reading our blog for more informative articles.