How much will a skilled personal injury lawyer charge you? Can you even afford one? Aren’t lawyers expensive? Find out in this post.
Can you afford a personal injury lawyer? Hint: if you can’t, the lawyer you’re considering isn’t charging you the customary type of fee for their services.
The practice of charging a “contingency fee” in personal injury cases actually goes back centuries to England. The standard for most personal injury lawyers since then has been 33 1/3% – paid after you win your case.
Even though most lawyers charge a contingency fee of 33 1/3%, there are a few other differences you’ll bump into as you talk to Dallas personal injury lawyers.
It’s very important to ask your lawyer precisely how they charge. And if you run into any evasive answers, or if you encounter some of the situations below, you should immediately thank them for their time and go on with your day. Because in many of these cases, you’ve found a dishonest personal injury lawyer, and dishonesty in payment could also mean they’re not going to give your case the full attention it deserves.
So here’s what happens out there in the real world:
- Some personal injury lawyers charge fees of 40-50%. There’s no reason for them to do this, other than to get more money. You’re not getting anything special. Many personal injury lawyers, even the best, charge the standard 33 1/3%. If it’s any higher than that, no matter how good they make it sound, do not hire them.
- Ask whether their contingency fee includes their fee for services. That 33 1/3% should include the personal injury lawyer’s fees for providing you with their legal services. With some attorneys, it may not. Ask your attorney for clarification. If their fee for services goes above the 33 1/3%, do not hire them.
- Some personal injury attorneys have you pay case expenses as they work on the case. For example, they need to assemble some bills and talk to an expert witness. They tell you they’d like you to pay for that now, possibly along with some other expenses. It probably means the firm doesn’t have a lot of money in the bank. Or, they’re just trying to get what they can. Either way, don’t hire that attorney. The vast majority of personal injury lawyers will pay your case expenses and recoup those expenses when your case is resolved.
- Ask if you have to pay any costs if your case is unsuccessful. You shouldn’t have to do this. Most personal injury lawyers, and even the most skilled ones, ask for nothing if they don’t succeed. That’s standard operating procedure. But some do. Ignore them and don’t hire them. They should be willing to simply write these off as a tax-deductible business expense.
- Some injuryfirms try to get you to pay interest on your claim – don’t fall for it. Because of the enormous cost involved in some cases, some firms get loans to pay all the costs along the way. They’ll ask you to pay the interest. But you shouldn’t accept this arrangement. That’s because the interest can easily run up to 30%, just like you’d get hit with on a credit card. Plus, it may mean the firm isn’t experienced at these cases, or isn’t successful, because they don’t have the money in the bank to do the job.
The Rule Is You Should Only Pay A Set Contingency Fee of 33.3% When Your Case Wins
There’s no sense in taking on any other agreement. It often indicates dishonesty or business weakness.
And even the very best Dallas injury attorneys you can get charge a standard 33.3% fee after they win.
Mullen & Mullen only charges a 28% contingency fee when your case settles out of court (about 90% do) and isn’t a dangerous drug injury case. Just mention you found us using this website when you call 214-747-5240 for your free consultation.