How much will this cost me?
Our firm operates on a contingency fee basis, which means you pay nothing upfront. We only get paid if we win your case. Our fee is a percentage of the settlement or verdict we secure for you, so there are no out-of-pocket expenses for you.
One of the primary concerns for individuals considering legal action after a personal injury is the cost involved. Understanding the financial aspects of hiring an attorney can alleviate some of the stress associated with pursuing a claim. Here's a detailed explanation of how our firm handles fees and expenses in personal injury cases.
Contingency Fee Basis:
Our firm operates on a contingency fee basis.
This means:
No Upfront Costs: You pay nothing out of pocket to hire us. There are no initial fees or retainers required to start working on your case.
We Only Get Paid If You Win: Our fee is contingent on the outcome of your case. If we do not secure a settlement or verdict in your favor, you owe us nothing. This arrangement ensures that we are fully invested in obtaining the best possible result for you.
Percentage of Settlement or Verdict:
Our fee is a predetermined percentage of the total settlement or verdict amount. This percentage is agreed upon when you sign the contract with our firm.
Advantages of a Contingency Fee Arrangement:
Access to Justice:Contingency fees make legal representation accessible to everyone, regardless of their financial situation. You can pursue your claim without worrying about the cost.
Motivation for Success: Since our payment is tied to the outcome of your case, we are highly motivated to achieve the best possible result for you. Your success is our success.
Reduced Financial Risk: You don't have to worry about paying legal fees if your case is unsuccessful. This reduces your financial risk and provides peace of mind.
Understanding the Costs:
While the contingency fee covers the attorney's fee, there may be other costs associated with your case, including:
Filing Fees: Fees required to file your lawsuit in court.
Expert Witness Fees: Costs for expert witnesses who may testify on your behalf, such as medical professionals or accident reconstruction specialists.
Investigation Costs: Expenses related to gathering evidence, including obtaining police reports, medical records, and other documentation.
Deposition Costs: Fees for court reporters and transcripts of depositions.
Trial Preparation Costs: Expenses for preparing exhibits, demonstrative evidence, and other materials needed for trial.
How We Handle Additional Costs:
Advancing Costs: In many cases, our firm will advance these costs on your behalf, meaning you do not have to pay these expenses upfront. We will cover the necessary expenses to build a strong case for you.
Reimbursement from Settlement: If we secure a settlement or verdict in your favor, these costs will be reimbursed from the recovery amount. The reimbursement will come out of the settlement or verdict amount before the attorney's fee is calculated.
Transparency and Communication:
Clear Agreement:When you hire our firm, we will provide a clear and detailed agreement outlining the contingency fee percentage and any potential additional costs. This ensures there are no surprises.
Regular Updates: We keep you informed about the progress of your case and any expenses incurred. You will receive regular updates and have the opportunity to ask questions at any time.
Detailed Accounting: At the conclusion of your case, you will receive a detailed accounting of the settlement or verdict, including the attorney's fee, any reimbursed costs, and your net recovery.
Examples of Contingency Fee Percentages:
While the exact percentage can vary, typical contingency fees range from 25% to 40%, depending on the complexity of the case and whether it goes to trial. Here's a general breakdown:
Pre-Litigation Settlement: If your case is settled before a lawsuit is filed, the contingency fee might be on the lower end of the spectrum, around 25% to 33%.
Post-Litigation Settlement: If your case is settled after a lawsuit is filed but before going to trial, the fee might be slightly higher, around 33% to 40%.
Trial or Appeal: If your case goes to trial or is appealed, the fee might be at the higher end, up to 40%, due to the additional time, effort, and resources required.
Why Choose Our Firm?
Experience and Expertise:Our firm has extensive experience in personal injury law and a proven track record of successful outcomes. We know how to navigate the legal system and fight for the compensation you deserve.
Client-Centered Approach: We prioritize your needs and ensure you are informed and supported throughout the process. Your satisfaction and well-being are our top priorities.
Commitment to Justice: We are dedicated to holding negligent parties accountable and securing the best possible results for our clients.
If you have any further questions about the costs associated with your personal injury case, please contact us for a free consultation. We are here to help you understand your options and take the first step towards obtaining the compensation you deserve.
Any questions you may have, do not hesitate to call our office today.
The Law Office of Michael C. George P.A.
3001 Broadway Ave.
West Palm Beach, FL 33407
Office: 561-659-6599
