Navigating the waters of filing a personal injury case can get quite complicated very quickly. But it doesn’t have to be. In this article, you will learn the typical processes for how much personal injury lawyers charge for their work and how cases are usually funded. For more information on why you might need a personal injury lawyer read When Do you Need a Personal Injury Lawyer
How are personal injury lawyers usually paid?
A personal injury lawyer usually operates on a contingency fee basis. That means that the lawyer is paid when the client is paid, after a lump sum settlement is negotiated or, a monetary judgment is awarded by the court. A personal injury lawyer charges a percentage based on the award and the client is credited with the partial indemnity costs that is either negotiated as part of the settlement or, awarded by the court.
At Lamont Law, we provide a detailed example of how our fees are calculated in our retainer agreement. We typically do not charge an hourly rate and prefer to meet with you personally and answer any questions you have. You will not receive an invoice in the mail after meeting with us.
How are cases usually funded?
Most personal injury lawyers will fund your case until it resolves. This means that we pay for the clinical notes and records, employment files, and expert reports, for example, up front, with no upfront fees to you.
Many injured people are not able to work after they have been hurt by someone else’s negligence. This can be a very stressful time in a person’s life because of financial strain. Rather than focus on healing, an injured person has to worry about how they will pay their bills and are not able to afford a lawyer to advocate on their behalf. We recognize the need for advocacy without adding to your financial burden.
At Lamont Law, we want you to focus on your recovery while we work on your case. Call us today for your free consultation