When you are injured in a car accident, you need to hire an attorney to help you file a claim. However, you may be worried about how much you will pay your lawyer. Attorney fees can range from a hundred to thousands of dollars, depending on your case. Here, we’ll explore different methods an attorney’s fee can be calculated.
Contingency Fee
The lawyer agrees to take a percentage of any money awarded to you if you win your case with this agreement. The percentage can vary but is typically the total amount recovered. If you do not win your case, you won’t pay the attorney anything.
Hourly Rate
With this kind of arrangement, you will pay the lawyer for each hour worked on your case, no matter the outcome of your case. The hourly rate can vary depending on your case type.
Flat Fee
With this arrangement, the lawyer charges a set fee for handling your entire case from start to finish. The flat fee may be a set dollar amount or a percentage of the total amount recovered in your case.
Retainer Fee
A retainer fee is a huge sum paid in advance to cover the estimated cost of handling your case. If your claim is successful, the lawyer will deduct the hours spent working on your case from the retainer fee.
Each option listed above has its own advantages and disadvantages, so it is essential to discuss which option is best for you with your attorney.
