How much it costs to hire a motorcycle accident attorney can vary. Every attorney handles their legal fees in their own way, but the most common approach is through something known as a contingency fee agreement.
A contingency fee agreement allows you to seek compensation for your injuries without making a financial commitment up front. Your attorney will only recover their legal fees if they are successful in obtaining compensation on your behalf. This allows you to pursue your injury case without the risk of walking away with less than what you started with.
What Is a Contingency Fee Agreement?
When an attorney takes your case on a contingency basis, they do not charge you any legal fees right away. Instead, your attorney will take their fee as a percentage of anything they recover on your behalf.
This approach incentivizes the attorney to fight for fair compensation on your behalf. After all, they do not get paid if you do not get paid. This approach is ideal for injury victims, as it is possible to pursue an injury case without paying out of pocket.
There Are No Financial Risks with This Arrangement
You will not owe your attorney anything in cases where they are unsuccessful. This eliminates the possibility of paying attorney fees for a case where you did not recover any damages.
Every attorney that works on a contingency-fee basis sets their own rate. This rate is a percentage of your total recovery. Attorneys often set their fee at anywhere between 25 and 40 percent of the total settlement, but it will never be more than half.
You Could Be Responsible for Other Costs
Attorney fees are only part of the expenses related to a personal injury case. While your attorney might agree to take your case on a contingency basis, some costs might be required up front. There are costs associated with filing a lawsuit. You are required to pay a filing fee to the court along with the lawsuit, and the failure to do so will result in the court rejecting your filing.
There are also service fees associated with personal injury lawsuits. Once you file your lawsuit, you must serve the other party with notice of the court proceedings. This is typically handled by the process server who charges a fee for the service.
In some cases, testimony from expert witnesses might be needed. These experts work for a fee, and that fee is usually due up front. Your attorney will advise you on whether the testimony of an expert witness might be helpful to your case. Some attorneys will cover court costs and other fees, but not all.
There Are Other Payment Arrangements Attorneys Could Rely on
For personal injury cases, a contingency-fee agreement is the most common option available. However, there are other types of payment arrangements that are possible. These options are more common in other areas of the law.
Some lawyers handle legal work on a flat-fee basis. This approach is common for cases like uncontested divorces or traffic tickets. The fee is typically paid up front and covers every aspect of a relatively minor case.
For more complex cases, some attorneys bill by the hour. With this system, the attorney sets their hourly rate and then keeps track of the time they spend on each case down to the minute. Typically, clients must pay a retainer up front for attorneys who work by the hour. This approach is uncommon for personal injury cases but is often used for other civil lawsuits.
Ask About Legal Fees During the Initial Consultation
It is important to set expectations for your personal injury case early in the process. By discussing fees with your prospective attorney early on, you could avoid conflicts later in the case.
Many attorneys offer free initial consultations to anyone injured in a motorcycle accident. During your free consultation, you will have the chance to ask questions about your case and your potential recovery.
This is an ideal opportunity to ask your attorney about their fee structure. You could find out not only that your attorney operates on a contingency-fee basis, but also what their rate is.
Let Our Team Help You Pursue Compensation After a Motorcycle Accident
If you have questions about how much it costs to hire a motorcycle accident attorney, you could benefit from calling for a free consultation with our firm. Our attorneys work on a contingency basis and will be dedicated to securing the compensation you deserve. Our team is standing by to discuss your case now. There are no obligations.
The team at The Kryder Law Group, LLC is proud to advocate for those injured in motorcycle accidents. If you are ready to get started with your personal injury lawsuit, our firm is here to help. Call (312) 598-0982 as soon as possible to find out your legal options.