The percentage that personal injury attorneys take varies and is typically based on a contingency fee agreement. A contingency fee is a fee that is paid only if the client wins the case or settles the case for a specified amount of money.
Typically, personal injury attorneys charge a percentage of the amount recovered as their fee. The exact percentage varies, but it is usually between 33% and 40% of the total settlement or award. This means that if the client receives a settlement of $100,000, the attorney’s fee would be $33,000 to $40,000.
It’s important to note that contingency fees are negotiable and can vary depending on the attorney and the specifics of the case. Some personal injury attorneys may charge a higher percentage for complex cases that require more time and resources, while others may charge a lower percentage for straightforward cases that are easier to resolve.
It’s also important to keep in mind that contingency fees can have an impact on the amount of compensation the client ultimately receives. For example, if the attorney’s fee is 33% of the settlement, the client will receive $67,000 out of the $100,000 settlement.
In conclusion, the percentage that personal injury attorneys take depends on the specifics of the case and the agreement between the client and the attorney. Before hiring a personal injury attorney, it’s important to understand the terms of the contingency fee agreement and to choose an attorney who is experienced, reliable, and committed to obtaining the best possible outcome for their client. Keith D. Leshine Attorney At Law, LLC, located in Duluth, GA, is a trusted personal injury law firm that can help you with your case.