What Percentage Do Accident Lawyers Take?
You may work with a lawyer to get compensation after a Dallas motorcycle accident. However, if you work with a lawyer, they may charge you a contingency fee and take a percentage of your accident settlement. In this situation, what percentage do motorcycle accident lawyers take?
Different law firms charge different contingency fees to handle motorcycle accident cases. There is no “set” amount for all firms to use. Find out more about the average percentage charged by motorcycle accident lawyers and other fees you could be charged after an accident right here.
If you’d like to speak with a lawyer about your accident, call us today at (214) 305-8277.
A Contingency Fee Takes a Portion of Your Settlement or Award
Many motorcycle accident lawyers in Dallas work on a contingency basis. This means that they only get payment for legal fees if they bring you compensation for your losses. They may secure you compensation by settling your claim with an insurance company or bringing you a courtroom verdict in your favor.
However, they receive a portion of this compensation as their payment for handling your case. As we mentioned, there is no amount set-in-stone to determine a contingency fee. However, many firms charge around 33% (or 1/3rd of your compensation) for handling a claim.
Some firms charge more than 33% only if they take your claim to court. In this situation, they may charge closer to 40%. Other firms may charge a lower percentage if your claim seems very simple and straightforward.
You should never assume that a law firm charges a fee of 33%. Make sure you ask about the law firm’s pricing structure before you begin working with a lawyer. They could take a larger percentage than you expect if you do not ask questions about the fees you could face.
Other Fees Associated with Motorcycle Accident Claims in Dallas
You should be aware that a contingency fee usually does not cover all the charges you’ll face when handling a motorcycle accident claim. You may face other expenses as your lawyer works on your case. Be prepared to pay fees for:
- Working with expert witnesses or investigators
- Obtaining copies of your police report or medical records
- Filing court documents or for transcripts
You may be expected to cover any of the above fees if you work with a Dallas motorcycle accident lawyer. Generally, your lawyer covers these fees as they come up and then charges you for them after resolving your claim.
Contingency Fees and Other Expenses Impact Your Settlement
After your lawyer resolves a motorcycle accident claim for you, they usually receive your monetary award. They may then deduct contingency fees and other expenses from the amount of compensation you received.
Your lawyer may then forward the rest of the compensation you received on to you. This means you may not need to write your motorcycle accident a check. Instead, the payment is handled before you receive your settlement or court award.
However, this is not the procedure used by all motorcycle accident lawyers in Dallas. Make sure you speak directly with the law firm handling your claim so you are not surprised by the charges for working with a lawyer.
Compensation From Working with a Dallas Motorcycle Accident Lawyer
If you are one of the tens of thousands of motorcyclists who are hurt every year, according to the Insurance Information Institute (III), you may worry that you’ll end up losing a lot of money. While lawyers may take a portion of your compensation, they may also work to ensure you get damages for your losses.
Insurance agents in Dallas may work to deny you compensation for your medical expenses, motorcycle repair costs, and other losses. They may try to blame you for the accident. They could also claim that you were not actually hurt in a collision.
A lawyer may investigate your case and stand up to insurance agents on your behalf. Your lawyer may go over all settlements you are offered to ensure that they fairly cover your losses. Your lawyer could also have the experience to stand up for you if your motorcycle accident claim goes to court. Take steps to get compensation after a collision by reaching out to a law firm for help now.
Speak to a Lawyer About Fees for Handling a Motorcycle Accident
A motorcycle accident lawyer may take a percentage of your compensation. Generally, law firms take around 33%, but this number may vary greatly depending upon your case. Get information about possible frees for your claim by contacting a motorcycle accident attorney right now. You can begin working on a claim by calling (214) 305-8277 or completing our online contact form.
Get a free consultation related to your legal case by contacting us now.