Auto Accident Attorney Payment Plans
Many people fear hiring attorneys because they have been known to be expensive. If you or a close relative of yours has been involved in an accident, you need to assess the payment plans of your potential attorney before hiring them.
Most auto accident attorneys from http://www.siegfriedandjensen.com/practice-areas/auto-accidents charge their clients on a contingency basis. This means that unless the client recovers money in their case, then the firm that the lawyer works with will not be entitled to any attorney's fees. Instead, they will earn a percentage of money that the client will receive from an insurance settlement. The contingency fee agreement, however, differs from one state to another ranging between 25-40%, but the standard remains to be one-third of the total amount.
Depending on the state laws, contingency fee may vary further considering the stage that the case has reached. The response of the defendant to your legal complaint in court may also make the contingency fee shift- lowering in value in case it is settled before the defendant answers your legal complaint and increasing in value if settlement is done after the case goes to the trial stage. Visit http://www.mahalo.com/chicago-personal-injury-lawyer/ to know more about these experts.
Clients need to understand that not all cases will be subjected to contingency fee plan. Some attorneys may require that an initial retainer fee to commence your case and a contingency at the end of the case. The retainer fee will not be part of the final payment as it will be subtracted from the amount payable at the end of the case if the client recovers money.
A flat fee payment is another plan that some attorneys employ.This type of payment is limited to case that are not complicated. It may be charged where response or drafting of a demand letter is required as stated by the law.
Depending on the attorney from www.siegfriedandjensen.com/practice-areas/auto-accidents and the firm that they work with, the client may not be responsible for expenses such as court filing fees, medical and police records and expert witness fees. Others may require that you settle the payments first or not proceed to court until payment is done. Again, depending on the attorney, others will ask you clear to clear the debt while others will write it off if the case is not a success.
Some clients have been known to have the resources to pay for the attorney's services. They are therefore charged according to the number of hours worked on the case. In this case, they will be billed on a weekly or monthly basis depending on the agreement.
