How Much Will a Herriman Car Accident Attorney Cost You?
If you were involved in a serious car accident caused by another party, it is important to hire an experienced Herriman car accident attorney to help you. Working with a lawyer will increase your chances of getting a fair compensation for your losses. We know that lawyers are expensive, but how much will hiring one really cost you?
Cost of Hiring Accident Lawyers
Unlike what you may think, majority of accident attorneys will not charge you an hourly fee. Instead, they will charge you on a “contingency” basis. This means the attorney you hire will only bill you if you win the compensation claim. If a fair settlement is not arrived at with the other party or you lose the compensation bid in court, you will not pay any attorney fees.
When you hire a lawyer that works through a contingency arrangement, you are sure of getting the best legal representation for your case without spending any money upfront. However, when you win compensation, the attorney will charge you a percentage of the amount won.
How Much is the Contingency Percentage?
The contingency percentage you will be charged you will depend on a number of things related to the case. Generally, the more complicated a case is, the higher the contingency fee charged.
You can expect to pay between 25 to 40 percent of the settlement you will be awarded as contingency fee. The general rate charged is 33.33 percent. For instance, if you win $100,000 in settlement and the attorney is charging a contingency rate of 33.33 percent, you will pay him $33,000.
Some people feel that hiring a car accident attorney is a waste of money. Why should you hire a lawyer to work on your case while you can do the same on your own and not have to pay any commissions?
Working with a Herriman car accident attorney is beneficial in various ways. To begin, the attorney understands the law and will work to ensure the outcome of the case ends in your favor. Apart from this, the attorney is skilled in negotiations. When negotiating with the insurance company, he will strive to ensure you are offered a large and fair settlement.
While you will pay contingency fee when you win compensation, the amount that you will remain with will still be significantly larger than what you could have won when handling the case on your own.