Understanding Personal Injury Law: Finances & Earnings

The cost of a personal injury lawyer Philadelphia can be a huge worry for someone who has been in an accident and may already be dealing with paying for medical bills and other associated expenses from the accident. So how much does a personal injury lawyer cost? The answer to that question is dependent on the fee schedule the lawyer offers. The three major fee schedules used in Pennsylvania include flat fee, hourly fee, and contingency fee.

  • Flat Fee: A flat fee arrangement includes a total amount agreed upon between the client and the lawyer that covers all legal fees and costs for the legal matter. This is a common arrangement for document drafting such as for wills and contracts.
  • Hourly Fee: Many lawyers in Philidelphia charge clients on an hourly rate for legal services. In this arrangement, the lawyer sends the client a bill, usually weekly or monthly, based on how many hours the lawyer worked on the legal matter. Under this fee arrangement, the hourly rate is usually set upon the experience and reputation of the attorney. Additional costs incurred on the legal matter, such as court filing fees, are usually billed separately from the hourly rate.
  • Contingency Fee: Personal injury lawyers in Philadelphia often work on a contingency fee basis. In this fee arrangement, the client and the lawyer agree on a percentage that the lawyer will take should a recovery be successful through either settlement or legal judgment. In a contingency fee arrangement, the client pays nothing up front and should no financial recovery be made, the client does not have to pay.
Source: lawyer-monthly.com

How much does a personal injury lawyer take under a contingency fee arrangement? This is often dependent on the reputation and experience of the lawyer, case type, success rate of the claim, and other factors. What percentage a personal injury lawyer takes is often higher in cases where the success rate is lower due to the risk the attorney is taking in paying the upfront costs of the claim.

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Therefore, the average cost of a personal injury lawyer is often dependent on many factors such as the fee arrangement agreed to upon by the lawyer and the client, the experience and reputation of the lawyer, and the type and success rate of the claim. In is important to remember that in a contingency fee arrangement, the client pays nothing unless a recovery on the claim is made either through settlement or legal judgment.

How much does a personal injury lawyer make? Once again, this is dependent on a multitude of factors often based on experience and reputation of the lawyer. The greater the reputation of the lawyer and the more experience they have, the higher flat fee, hourly rate, or contingency fee percentage they can command and thus make more income overall. In a contingency fee arrangement, claims with a lower success rate may command a higher percentage contingency fee thus a lawyer who is successful in these claims can increase their income. Therefore, a personal injury lawyer with experience, a good reputation, and a high success rate will often make more income.

When to Hire a Personal Injury Lawyer and Why You Need One

Source: lawcrossing.com

In the United States, over 400,000 personal injury claims are filed annually. In Philadelphia alone, tens of thousands of people experience injuries from car accidents every year. Besides vehicle collisions, personal injuries can result from dog bites, slip-and-falls, defective products, etc. Every time a person is hurt physically or emotionally due to the negligence or malpractice of others, it is a potential case for a legal claim.

When Should I Contact a Personal Injury Lawyer

It might take you time to realize that you have been unlawfully hurt. And often, people need time to recover emotionally before seeking compensation. However, there is a statute of limitations – a restricted time frame – on filing an injury claim. Therefore, choosing to put legal matters on hold can lead to the loss of benefits.

So, when to contact personal injury lawyer for the best results?

Immediately after an accident or injury

Ideally, you need to contact a lawyer immediately after an accident or injury to prevent potential loss of financial reparations. A good lawyer will investigate the case to ensure that your claim has a strong evidence base. The investigation may include obtaining police reports and medical records, finding witnesses, requesting surveillance videos, etc. The sooner you find an attorney, the higher your chances of preparing a strong case.

Dealing with insurance companies and claims process

Having a lawyer becomes crucial when negotiating with various institutions. Insurance companies, for example, will go a long way to save themselves money; they protect their interests, not yours. So, it is important to have a legal professional fighting on your side. A good law firm can also connect you to a trustworthy healthcare provider who will prepare all the records necessary for your case in a timely manner.

Complex legal procedures and deadlines

The statute of limitations on filing a personal injury claim varies from state to state. In Philadelphia, it is two years after the date of your injury. But the legal process for this type of claim can turn into a lengthy bureaucratic battle. Therefore, it is better to seek legal advice as soon as possible.

What to Look for in a Personal Injury Attorney

If you use the Internet to search for a lawyer in Philadelphia, you will end up with an endless list of results. However, only a fraction of those professionals will be suitable for you. You must make sure you are looking for experts who work specifically with personal injury cases. You can come across a great civil rights or employment lawyer, but they may not be able to help you.

How to find a good personal injury attorney?

To choose the best personal injury attorney for yourself, you need to consider the expert’s professional background, former successful cases, and customer reviews.  When you contact personal injury lawyer, ask direct questions about their experience with similar cases, whether they see a potential for a claim in your situation, how they calculate and charge fees, and whether they can propose any steps or strategies for you.

Why do you need a personal injury lawyer?

Hiring a lawyer can help you save an infinite amount of time and energy, ensure that you receive proper care and attention, and obtain the compensation you deserve. An expert lawyer knows how to communicate with insurance companies to push your interests forward and achieve a payout that covers all your damages and expenses. And while your legal representative fights on your behalf, you can focus solely on a peaceful recovery.

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