How Do Daytona Beach Injury Lawyers Get Paid?
By Team at Zimmet & Zimmet, In Personal injury
If you are injured because of the negligence or fault of another party, you have the right to recover compensation by filing a personal injury lawsuit. You may think handling the legal process on your own is best since you won’t have to pay an attorney.
However, there are a few problems with this thought process.
First of all, personal injury laws in Florida are complex and confusing. If you make a small mistake, it can jeopardize your ability to recover compensation. Another issue with this thinking is that personal injury lawyers don’t (usually) charge you upfront.
If you are involved in an accident caused by someone else, contact a Daytona Beach injury lawyer at Zimmet & Zimmet Lawyers for assistance. You can also keep reading to learn more about how these attorneys get paid, which will help you see why hiring legal representation in these types of cases makes sense.
Contingency Fee Arrangements
When you hire a Daytona Beach injury lawyer, you will likely find they work on a contingency fee basis. This means that payment for their legal services isn’t made upfront. Instead, it is based on the case’s outcome, and the fees charged are negotiable and variable.
An important fact to understand when you hire Zimment & Zimmet Lawyers is that we don’t charge any fees to our clients unless the case is settled or goes to trial with a successful outcome. With the contingency fee arrangement, your Daytona Beach injury lawyer takes a percentage of the recovery when your case is settled or won. This percentage is agreed on before the case starts.
One way that personal injury lawyers charge clients is with gradual fees. These vary based on the total amount of money a client will likely recover or receive.
An example would be if a Daytona Beach injury lawyer charged 40% for the initial $1 million received and 30% for the second million. They may even charge 20% after $2 million is recovered.
Remember, though; this is just an example. Each case is unique. Because of this, you can work with your attorney to determine what is charged. There are some fees related to your case that is typically paid upfront. These include research, travel and mileage, reporting fees, court fees, copies, and similar administrative tasks.
What Are the Benefits of a Contingency Fee Agreement?
When you hire an attorney under a contingency fee agreement, one of the biggest benefits is that you don’t have to pay for their services upfront. However, there are other benefits, too. These include:
- Eliminate some of the financial risks for the client. When an attorney is hired on a contingency fee basis, their pay depends on what you recover. They must work to ensure recovery is successful or risk not being paid.
- Incentives an attorney to obtain the biggest settlement possible. The attorney you hire receives a percentage of what you receive, which means they will be encouraged to negotiate the highest settlement possible for your case.
- Ensure a fast resolution to your case. The longer your case takes to settle, the longer the attorney must wait to be paid. With a contingency fee, the attorney is incentivized to get you the biggest settlement possible as quickly as possible.
What Can You Expect to Pay When You Hire a Daytona Beach Injury Lawyer?
The cost of your case depends on the situation, complexity, and other factors. While this is true, the average contingency fee percentage that is charged ranges from 25% up to 50% of the total settlement awarded.
When your case is complete, your attorney will provide you with a written statement that lets you know the amount you paid for legal services.
Let Our Legal Team at Zimmet & Zimmet Lawyers Help with Your Injury Claim
At Zimmet & Zimmet Lawyers, you can count on our Daytona Beach injury lawyers to help with your case. We will ensure you get the maximum compensation possible for your case. Our team is dedicated to using our resources and expertise to benefit each client we represent. Get in touch today to learn more about our legal services and to schedule a free initial consultation.