Taking your personal injury case through what is known as litigation can become expensive quickly. When thinking of how much a personal injury lawsuit is going to cost you, there are many factors that will play into the equation. Are you paying for your lawyer up front? Will you be using expert witnesses? Will there be any unseen miscellaneous expenses? We should know the breakdown of how everything will be charged when it comes to hiring a personal injury lawyer to fight for your case.
What Is the Cost of Hiring an Attorney?
Lawyers have the option to work off what is known as a contingency. This means that
they will work the case for you for no payment upfront and will only get paid if you win your case. Because they are not getting paid up front, if the case does not go to trial they will usually take around a 30 percent payout.
This means that when the check is sent out, they will take their cut before they ever give you the money. But if the case does have to go to trial things start to become more expensive and their percentage of the payment goes up to between 45-60 percent.
One benefit though of being the plaintiff, which is the person who is filing the lawsuit against another person or company, is that you have this option available to you with your lawyer’s payment. The defense team does not have the same luxury available to them. Most companies will not even use the lawyers who usually work in-house for them, and will instead hire outside help.
Where the case is located and how much experience the lawyer for the defense has will determine how much they will be charging per hour to work on the case. Their legal fees can add up just as quickly as yours depending on how many hours and expert witnesses are needed to defend them.
Court Costs and Testimonial Fees
Depending on the type of expert witness you call, and from what part of the country they are located in, will determine how much money they are paid for their testimony. Expert accountants can be called in to determine how much money you have lost due to not being able to return to work, and medical professionals can confirm how serious your injuries are. Experts can make thousands of dollars for their testimony in your case.
It is also important to remember that there are court filing fees that will need to be considered also. Each time you need to file something it might only cost you as little as a few dollars. But over time even the smallest of expenses start to add up, and this alone could cost you a couple thousand dollars.
There is no way to determine how much a trail is going to cost. A large part of how much you’re going to pay is going to be determined by your location. If you live in a large city, such as Hollywood, then the lawyers are going to be able to charge more because the cost of living is higher there than say a small town in Ohio.
You will also want to consider all the costs that are associated with going to trial with a personal injury case, and determine if the payout will be better if you just take a settlement. Remember, if your lawyer is working off of contingency then they will get a smaller percent if you settle, and you will be able to get your money that much faster.