|
Every personal injury lawyer has a price. An experienced personal injury lawyer has more ability to build your case, negotiate it with an insurance company and if necessary, to take it to trial. He knows that he is often able to recover more damage claims for his clients than a personal injury attorney with lesser skills and therefore demands a higher fee.
A personal injury lawyer who specializes in specific personal injury cases such as medical malpractices, defamation, assault and battery, wrongful deaths, and automobile accidents is more adept in his field. So the fee charged by a personal injury lawyer depends on various factors .The primary ones being:-
• Experience of a personal injury lawyer
• Time spent on the case
• Energy spent on the case
• The costs associated with the case
• Difficulty with the claim
• The state in which the lawyer is practising
Standard payment options offered by personal injury lawyers to their clients are:-
Contingency fee
It is the calculated percentage of the recovered claim won by the client which is taken by the personal injury lawyer. It is a conditional fee. If the personal injury lawyer looses he does not get payment for his services. It is a "no win, no fee" criteria. It is "key" to the jury system for most Americans.
Mostly personal injury lawyers work on a contingency fee basis and it varies from lawyer to lawyer and state to state .In most states, the personal injury attorney fee is one third or 40% of the personal injury recovered claim. Personal injury attorney fee for worker's compensation is usually lower than the regular personal injury matters. Solo practitioners are also more willing to take a lesser percentage from their client. Courts have set limit on the contingency fee of personal injury lawyers. In most cases it should not exceed one third of the settlement. Florida had passed a law limiting contingent fees of personal injury lawyers in medical malpractices.
Hourly rates
This is also a common payment option of personal injury lawyers. They charge according to the number of hours they work on their client's case. Hourly rates may vary from $50 an hour to $ 1000 an hour. These rates depend on personal injury attorney's experience, operating costs and the location of his practice. In major metropolitan cities, like Los Angeles, New York and Chicago average hourly rates of personal injury lawyers is $ 200 to $ 400, whereas, in smaller towns the average hourly rates is between $100 to $200.
Retainer fee
A retainer fee agreement is also referred to as short fee agreement. It is an advance payment made to the personal injury lawyer.
Pro Bono
It is a Latin word which stands for "public good". Personal injury lawyers are recommended under American Bar Association (ABA) to do fifty hours of pro bono work.
| 
