Have you been injured in an accident in Madison, Wisconsin due to the negligence of a third party? If so, you may be in the process of searching for a Madison personal injury attorney who can file a lawsuit on your behalf and represent you in court. While this is the appropriate step to take, there is a question you need to answer: what are the fees charged by the attorney?
Generally speaking, personal injury attorneys work on a contingent fee (also known as a contingency fee). This is simple to understand: if they win the case they receive a percentage of the award as their fee, typically in the 30 to 40 percent range. On the other hand, if they lose the case they do not receive this fee.
There is a difference between attorney fees and costs. You typically are responsible for costs associated with your case, such as filing fees. You will have to pay these costs regardless of if you win or lose. You should work closely with your attorney as to what costs should be incurred.
The contingency fee can vary from one attorney to the next, based on many factors including experience and location. In most states, the fee will be between 30 and 40 percent of the final award. For example, if your case is settled for $1 million your attorney will receive $300,000 to $400,000 (depending on the fee you agree upon) and you will get the rest.
Depending on your case and how much the attorney believes it to be worth, you may be able to negotiate a lower contingent fee. While there is nothing wrong with asking, many attorneys are unwilling to negotiate. They know they are worth the higher fee, and will stick to their guns even if another law firm is offering a lower fee.
The contingency fee structure is a Win-Win. The money the personal injury attorney obtains for you, the more money the attorney receives. Both of us are exposed to the same risk. As a team Krueger Hernandez & Thompson SC can ensure that you receive the compensation that you deserve. Go to our website at KH-LAW.NET and download your Free Personal Injury Survival Kit today.
To learn more, please download our free Questions to Ask a Personal Injury Attorney in Wisconsin report.