What Percentage Does An Attorney Take Of An Auto Accident Settlement
A question that may be simmering in your mind when you get involved in an auto accident settlement, maybe how much money does your attorney take during the process. Dealing with these settlements can be stressful, and something that you may be struggling with is fund. You already lost a substantial amount of money due to your injuries and damaged property. Now you need to consider how much you are willing to pay for your lawyer and atty fees can get expensive. Our experts at Payer Law want to help you understand how much money the attorney you hire will take out of a settlement. Our Orlando Accident Lawyer is dedicated to aiding you during this tough time.
Contingency Fees For A Orlando Accident Lawyer
This fee is a sum of money that a lawyer receives only if the case is one. Pay attention to the word only. In most cases, law professionals will charge this fee for personal injury cases. This system allows the injured party to hire an experienced lawyer without having to front the cost of legal fees.
When this is set up, the lawyer’s fee will be deducted from the final settlement in your case. Some personal injury lawyers will also deduct any expenses that were covered by the lawyer. The usual percentage will vary based on the stage of your case.
There is no upfront payment. If the attorney can not win the case, you are not obligated to pay anything. No fees.
Percentage of My Atty Fees
The percent of these fees differ depending on what state you file in. Certain state statutes limit the percentage that a lawyer can take as a fee. It also depends on whether you fill before or after the official judgment.
In the state of Florida, contingency will vary depending on the time you file.
Before filing an answer there is a fee cap of 33% placed on a settlement of up to $1 million. For settlements that are more than $1 million, the cap is reduced by 10%. The defendant has a window of 20 days to answer the complaint.
If the defendant answers the lawsuit complaint within the 20 days, or if the case goes into a trail and the injured party wins the case, the cap will change. The attorney may accept 40% of the contingent fee up to $1 million. If the settlement amount or judgment is more than $1 million, the percentage paid to the lawyer is reduced in percentage increments that are set up by the Florida Supreme Court.
Contact Us Today To Get A Better Understanding
Dealing with a lawyer and the different atty fees can get confusing. It is good practice to become familiar with the process before hiring someone to represent you. Here at Payer Law, we are here for you and will get you your car accident settlement. Our Orlando accident lawyer is here for you. Our team is available 24 hours a day, seven days a week for home, office, or hospital consultations. We have two offices to help serve you better in Orlando and Lake Mary. Our lawyers bring commitment and experience to your case, to ensure the largest possible settlement for you or your loved ones. Call us today, and we will ensure that you get the professional advice and information you need to move forward.