How Much Is My Personal Injury Case Worth?

Personal injuries can occur because of many different events. These injuries have long-term, life-altering effects and, in some cases, may be life-threatening. Often, victims of such accidents will require lifelong medical care, which leads to high medical bills and can affect the victim’s quality of life. Before filing a personal injury lawsuit, you may want to know how much your case is worth. This will help you plan and ensure all bills are settled. However, each case is unique; your lawyer will consider several aspects when calculating the claim’s value.

How Much Is MY Personal Injury Case Worth?

There are different types of personal injuries. Considering their permanent nature, these injuries can be costly to treat. In addition, you may also suffer other types of losses. In the end, no two personal injury cases are alike. Therefore, the amount of compensation you get will depend on the circumstances of your case.

Who Is Liable for Personal Injuries?

When you suffer catastrophic injuries, not only do you want to seek compensation for those injuries, but you also want to make sure that you hold all liable parties accountable for their actions. To determine who bears liability for your injuries, your lawyers will need to discover who owned you a duty of care and how that duty of care was violated in a way that led to your injuries.

How Much Do Car Accident Lawyers Make?

May 1, 2023 by Greg Baumgartner

Car accidents can be traumatizing experiences that can significantly impact your life. Car accidents can cause physical and emotional pain. They can also lead to financial strain. This is especially true if you face medical bills, lost wages, and property damage.

In these situations, hiring a car accident lawyer can help you understand the legal system. They can also help you get the compensation you deserve. However, before hiring a car accident lawyer or a motorcycle attorney, it is essential to know how much they make and what factors affect their fees.

At the Baumgartner Law Firm, we believe in providing our clients with transparent and reliable legal services. This article will discuss how much car accident lawyers take and what factors influence their fees.

How Much Do Lawyers Make For Accident Claims?

Lawyers typically charge a contingency fee for accident claims, a percentage of the final settlement amount. On average, this fee ranges from 33% to 40%. Personal injury lawyers commonly employ the contingency fee system in cases related to car accidents. This means that clients do not have to pay any upfront fees, and the lawyer only receives payment if they successfully negotiate a settlement or win the case through litigation.

This fee arrangement provides individuals who may not have the financial means to pay for legal services upfront access to legal representation.

Contingency Fees

Most car accident lawyers work on a contingency fee basis, meaning they take a percentage of your compensation. Typically, this percentage ranges from 33% to 40% of the settlement amount, depending on the complexity of the case and the amount of work involved. If your lawyer takes a 33% contingency fee and you win a $100,000 settlement, your lawyer will take $33,000 as their fee. However, it’s important to note that these percentages can vary, and discussing the exact charges with your lawyer is always best.

Additionally, it’s worth mentioning that personal injury lawyers may also have additional fees associated with the case, such as legal costs. These costs can vary based on the specific circumstances of the case and the services provided. Having an open and transparent conversation with your lawyer is highly recommended to ensure a clear understanding of all the charges involved.

Understanding the financial aspects of working with a personal injury lawyer is crucial for both parties. By discussing the percentage personal injury lawyers take, any potential additional fees, and legal costs with your lawyer, you can have a comprehensive understanding of the financial implications of your case. This transparency and open communication will enable you to make informed decisions and establish a fair agreement with your lawyer.

Hourly Fees

Defense attorneys usually charge an hourly fee for their services. Hourly fees can vary significantly depending on the lawyer’s experience, location, and reputation. Hourly fees in Houston, Texas, can range from $300 to $600 per hour, with some lawyers charging even higher rates.

If your claim is for property damage only (no injury), expect the attorney to charge by the hour, as in Texas, that is how an attorney could be compensated for their work. Most personal injury attorneys in Texas do not charge upfront fees.

Upfront Fees.

Some car accident lawyers may ask for upfront fees before taking your case. Upfront fees are uncommon; most reputable personal injury lawyers do not charge them. If a lawyer asks for upfront fees, it is essential to ask them about their reasons and the services they will provide.

It is also essential to ensure you get a written agreement that clearly outlines the upfront fees and the services the lawyer will provide. At Baumgartner Law Firm, we do not charge any up-front fees.

Additional Expenses

Besides the lawyer’s fees, car accident cases may involve additional expenses such as filing, court, and expert witness fees. Usually, the lawyer will cover these expenses and deduct them from your settlement amount.

However, it is essential to clarify with your lawyer if they will cover these expenses, and if you do have to pay those expenses separately, what happens if the lawyer does not win your case?

Factors That May Affect the Lawyer’s Fees.

Several factors can influence how much car accident lawyers take, including:

The complexity of the case: Complex cases that require more work and expertise may attract higher fees. For instance, most reputable attorneys seek a high contingency fee to balance the risks and costs if the case involves a product liability claim. Too, multiple party cases can require extra time and work.
The injuries involved: Attorneys must evaluate the time required to handle your case and their out-of-pocket expenses.
Experience and Reputation: Experienced and reputable lawyers may charge higher fees than less experienced lawyers.
If Your Case Goes to Trial: Many personal injury law firms increase the percentage of cases that require a trial due to the extra time required of the attorneys.
Location of the Lawyer: Lawyers in high-cost areas like Houston may charge higher fees than those in lower-cost areas.

Facts to Know About Car Accident Attorney’s Fees

Hiring an auto accident attorney in Houston can help you get the compensation you deserve after a car accident. However, knowing how much they take and what factors can affect their fees is essential before hiring a lawyer. Most car accident lawyers work on a contingency fee basis, and their fees typically range from 33% to 40% of the settlement amount.

However, several factors can influence how much they take, including the case’s complexity, the amount of compensation involved, if the case goes to trial or is appealed, and the lawyer’s experience and reputation.

Call the Auto Accident Attorney at Baumgartner Law Firm for Help!

At the Baumgartner Law Firm, we believe in providing our Houston clients with the best legal services possible. If you are looking for a reliable and experienced DWI accident attorney in Houston, contact the Baumgartner Law Firm today at (281) 587-1111 to schedule a consultation.

Baumgartner Law Firm

6711 Cypress Creek Pkwy, Houston, TX, 77069

(281) 587-1111

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Post under: Auto Accidents

Greg Baumgartner, Founder of Baumgartner Law Firm

Since founding the Baumgartner Law Firm in 1985, Greg Baumgartner has established himself as a leading personal injury attorney in Houston, Texas, with a focus on representing severely injured accident victims and families who have suffered the loss of a loved one. His commitment to excellence in legal advocacy has earned him recognition from prestigious organizations, including Super Lawyers and the Top 100 Trial Lawyers and others. With decades of experience, Greg is consistently peer-reviewed and holds a preeminent rating, reflecting his dedication to achieving justice for his clients.

6711 Cypress Creek Pkwy, Houston, TX, 77069 Call: (281) 587-1111