It is always best to hire a personal injury lawyer to represent you or your family in an accident case; however, many people are hesitant to do so out of fear that they charge too much for their services. If you want to know how much an accident lawyer charges for their services, continue reading and review the several types of pay rates and price tiers that are common among law firms and independent attorneys.

Lawyer Fees

Law firms collect their fees in a variety of ways. It can depend on the type of case, the lawyer’s experience and success rate, and more. Common payment arrangements used by law firms and lawyers include hourly rates, flat rates, retainers, and contingent fees. Flat rate fees are generally arranged for basic and simple legal services, like divorces and wills. Hourly fees are the most common payment arrangement for lawyers, and vary in price depending on the lawyer’s experience and success rate. Hourly attorney rates can be anywhere from $50 to $1,000 per hour! However, these rates vary from firm to firm.

Retainers are used for complex cases and charged upfront before services are rendered. As clients are billed, the amount is deducted from the retainer as the case proceeds. Contingent fees are only collected if a lawyer wins a settlement for their client. This means they work on a contingent fee basis. This is most common for personal injury lawyers and law firms.

Most personal injury law firms offer free initial consultations to discuss your accident and assess whether or not it’s a valid claim. If it is valid, they will accept the case and move forward with the legal process upon your request, without ever collecting lawyer fees unless they win your settlement. So most often, no upfront fees are necessary, but this is not the case for all firms.

Once a settlement is recovered, there are different methods and price tiers of payment collected by lawyers. How they choose to collect or charge their fees all depends on the firm or the lawyer themselves. A certain percentage is deducted from the settlement amount and paid to the personal injury attorney for their services.

Courts set the limits on just how much lawyers can take from a client’s settlement. But if the client does not win their case, the lawyer collects nothing. Generally, accident lawyers collect nearly one third of the settlement recovered; however, these percentages vary among firms.

Craven, Hoover, Blazek P.C.

Call The Law Office of Craven, Hoover, Blazek P.C. at 317-881-2700 and schedule a free initial consultation with a licensed personal injury lawyer in Indianapolis, Indiana. They never collect attorney fees unless we win your settlement. They focus on various accident cases, including motor vehicle accidents, slip trip and fall accidents, dog bites, workers compensation, and much more. Call 317-881-2700 to file a personal injury claim in Indianapolis, IN today.