If you’ve been injured in an accident, you may be wondering how much money a personal injury lawyer makes. After all, you’ll want to make sure you get the best possible settlement for your injuries.
The short answer is that personal injury lawyers typically take home about 33% of the final settlement or verdict. So, if you receive a $100,000 settlement, your lawyer will get about $33,000 of that.
But, of course, there are many factors that affect how much money a personal injury lawyer makes. Let’s take a closer look at some of these factors.
How Much Do Accident Lawyers Make
Most accident lawyers work on a contingency basis, which means they only get paid if they win your case. If they don’t win, you don’t owe them anything. contingency fees typically range from 33%-40% of the total settlement, so if you receive a $100,000 settlement, you can expect to pay your lawyer anywhere from $33,000-$40,000.
Of course, how much your lawyer gets paid depends on how complicated and time-consuming your case is. If it goes to trial, your lawyer will likely spend dozens of hours preparing for court and will charge a higher contingency fee to account for the extra work.
Some accident lawyers also charge an hourly rate, especially if they are handling a particularly complex case or working on behalf of a large corporation. In these cases, you may be responsible for paying an upfront retainer fee as well as hourly charges as the case progresses.
What are Personal Injury and Torts?
Personal injuries are damages suffered by a person due to the negligence or intentional wrongs of another. Torts are civil wrongs that result in injury or damage and can be categorized as either intentional or unintentional.
Intentional torts are those in which the at-fault party acted with the intention of causing harm. Examples of intentional torts include battery, assault, false imprisonment, and defamation.
Unintentional torts, on the other hand, are those in which the at-fault party did not intend to cause harm but did so anyway through their negligence. Examples of unintentional torts include car accidents, slip, and fall accidents, and medical malpractice.
No matter what type of tort it is, if you have been injured due to someone else’s actions you may be able to recover damages through a personal injury lawsuit.
The amount of money you could receive will depend on a number of factors, including the severity of your injuries, whether you were partially at fault for the accident, and whether the at-fault party has insurance.
An experienced personal injury lawyer will be able to evaluate your case and give you an estimate of how much money you could recover.
Types of Personal Injury Cases We Handle
There are many different types of personal injury cases that a lawyer can handle. The most common type of case is a car accident. Other types of cases include slip and fall accidents, medical malpractice, and workplace injuries.
A personal injury lawyer will typically work on a contingency fee basis. This means that the lawyer will only get paid if they win your case. If you do not win your case, the lawyer will not receive any money.
The amount of money that a personal injury lawyer makes will vary depending on the type of case, the amount of work involved, and the outcome of the case.
What are the drawbacks of becoming a personal injury lawyer?
There are several drawbacks to becoming a personal injury lawyer. First, the job can be extremely stressful. Personal injury lawyers often work long hours and deal with difficult clients. They also must be able to handle rejection, as many cases are not successful.
Second, personal injury lawyers typically earn less money than other types of lawyers. This is because they generally work on a contingency fee basis, meaning they only get paid if they win the case.
Third, personal injury law can be complex and time-consuming. Lawyers must be prepared to spend countless hours researching cases and working on complex legal documents.
Fourth, becoming a personal injury lawyer requires years of education and training. After completing undergraduate studies, prospective lawyers must attend law school and pass the bar exam in order to practice law.
Settlements and Lawsuits for Personal Injury Claims
Most personal injury lawyers work on a contingency basis, meaning they only get paid if they win your case. If they do win, they take a percentage of the total settlement or verdict, typically one-third to 40 percent.
The average settlement for a personal injury claim is around $15,000, but many claims settle for much less. The median jury verdict in personal injury cases is just over $52,000.
Of course, some settlements and verdicts are much higher than that. Here are some notable recent settlements and verdicts:
Class-Action Lawsuits in Personal Injury Cases
Class-action lawsuits are a type of civil lawsuit in which a group of people with similar injuries or damages file suit against a common defendant or defendants. These cases are typically brought by one or more lead plaintiffs on behalf of all members of the class and are usually handled by experienced personal injury lawyers who work on a contingency fee basis.
In general, personal injury lawyers receive a third of the total settlement or verdict, but this amount can vary depending on the specifics of the case and whether it goes to trial.
If you’re considering hiring a personal injury lawyer to represent you in a class-action lawsuit, it’s important to understand how these cases work and what you can expect in terms of compensation.
Why You Should Retain a Personal Injury Attorney
If you or a loved one has been injured in an accident, you may be wondering if you should retain a personal injury attorney.
The answer is yes. Here are four reasons why:
1. To level the playing field.
When you’re up against an insurance company, they have teams of lawyers and adjusters working to minimize the amount of money they have to pay out on your claim. You need a skilled advocate on your side to fight for the full and fair compensation you deserve.
2. To maximize your chances of success.
Your odds of success are significantly higher when you have an experienced personal injury lawyer on your team. They know the law and how to build a strong case that will get results.
3. To get the most money possible for your claim.
Insurance companies will often lowball settlements in hopes that injured people will take whatever they’re offered just to avoid going to court. An experienced attorney will help you get the best possible settlement or verdict for your case.
4. To save you time and stress.
Dealing with a personal injury can be overwhelming, especially if you’re also trying to recover from your injuries. An attorney can handle all the legal details so that you can focus on getting better.
Fees and Costs to Expect in Personal Injury Cases
Most personal injury lawyers work on a contingency basis, which means they only get paid if you win your case. If you do win, they will take a percentage of your settlement as their fee. The typical contingency fee is 33% of the settlement, but it can range from 25% to 40%.
So, how much money does a personal injury lawyer make? It depends on whether or not you win your case and how much your settlement is. If you have a strong case and you win, your lawyer could make a lot of money.
Choosing a Personal Injury Attorney
If you’ve been injured in an accident, you may be wondering how to choose a personal injury attorney. There are many factors to consider when making this decision, and it’s important to choose an attorney who will fight for your rights and get you the compensation you deserve.
Here are some tips for choosing a personal injury attorney:
1. Make sure the attorney has experience handling cases like yours. You want an attorney who knows the ins and outs of personal injury law and has a proven track record of success.
2. Choose an attorney who makes you feel comfortable. This is someone you’ll be working with closely, so it’s important that you feel like you can trust them.
3. Be sure to ask about fees upfront. You don’t want any surprises when it comes to how much your legal representation will cost.
4. Get referrals from people you trust. If someone you know has had a good experience with a personal injury attorney, they can be a valuable resource when it comes to finding one yourself.
Contact Dolman Law Group for Help With Your Personal Injury Claim
The Dolman Law Group is a personal injury law firm that can help you with your personal injury claim. We have experience handling all types of personal injury cases, and we can help you get the compensation you deserve. Contact us today for a free consultation.