If you’ve been physically or emotionally harmed, or your reputation has been damaged, the best way to deal with it legally is by personal injury claims. Though these claims may not change what has happened, you can get fair compensation for your loss.
The main reason why individuals don’t choose this way is the lack of knowledge about the process and cost. It’s considered that lawyers take a lot of money for taking personal injury cases to defend you in court.
In reality, lawyers typically work on a contingency fee basis. This means they only get a specific percentage from the compensation you receive after winning the case. To give you a clear idea, we’ll break down the info about the percentage lawyers usually take for personal injury claims.
What Is The Compensation For Personal Injury?
In most cases, lawyers take fees or compensation for personal injury cases on a contingency basis. The simple definition of contingency fee is a specific percentage of the compensation which a lawyer receives only if they won the case.
No win means no fee. This is why it’s not difficult to claim compensation for personal injury in terms of finance. However, you’ve got to follow the case, provide evidence, and witnesses, which takes time and energy.
Example of A Contingency-Based Fee
Suppose you receive the compensation amount of $50,000 in a personal injury case, and you and the lawyer decide on a 33% contingency fee. The lawyer would receive 33% of the $50,000, which amounts to $16,500. The remaining $33,500 would be your net compensation.
What Is The Highest Percentage A Lawyer Can Charge In Personal Injury Cases?
The percentage lawyers charge in personal injury cases varies from case to case and client to client, but in general, it’s 33% of the compensation amount. It’s important to note that 33% is an average percentage; it can be high, like 40%, or low, depending on the lawyer.
If you feel that your lawyer is requesting a high fee or percentage of the compensation amount, it’s advisable to seek the opinion of other lawyers. You can contact MCC Law Firm; our experienced lawyers specialize in handling personal injury cases.