Auto accident attorney fees are different than many other attorney fees. Typically, auto accident attorney fees are paid on a contingency basis.
How are Auto Accident Attorney Fees Calculated?
A Carroll County auto accident client pays a contingent fee to their personal injury lawyer only if the lawyer handles the case successfully. Meaning, if your case is settled or receive a favorable verdict, then you pay the auto accident attorney fees. However, if your case is not settled or receive an unfavorable verdict, then you pay your lawyer nothing.
Carroll County auto accident lawyers and clients use this arrangement only in cases where money is being claimed. For example, this arrangement is used most often in cases involving auto accidents, personal injury, and workers’ compensation.
In a contingent fee arrangement, the Carroll County auto accident attorney agrees to accept a fixed percentage (often one third) of the recovery, which is the final amount paid to the client. If you win the case, the lawyer’s fee comes out of the money awarded to you.
For example, if your personal injury case settles for $15,000.00, then auto accident attorney fees are $5,000.00. That leaves you with $10,000.00 in your pocket if there are no outstanding medical bills, liens and other expenses.
However, if you lose, neither you or the lawyer will get any money. One third of $0.00 is $0.00.
On the other hand, win or lose, your attorney will probably have to pay court filing fees, the costs related to deposing witnesses, and similar expenses. This is typically what is called: No Recovery. No Fee. No Expenses.
Schedule an Auto Accident Attorney Fees Consultation
The Law Office of Ross W. Albers is located in Carroll County, Maryland. Westminster Auto Accident Attorney Ross W. Albers is a former Maryland insurance adjuster that knows what you’re up against. If you have been injured in an automobile accident in Maryland, then contact the Law Office of Ross W. Albers to schedule a free auto accident attorney fees consultation.