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Lawyers have a (somewhat) undeserved and unfair reputation as being “all about the money.” In the past, while movies and television depicted some lawyers in a good light (think Gregory Peck as Atticus Finch in the movie adaptation of To Kill a Mockingbird), most scenes involving attorneys portrayed the attorney as a money-hungry, greed-driven shyster whose only concern was getting paid as much as possible, as quickly as possible. To be sure, there are some attorneys who fit this mold: however, the majority of men and women who enter the legal profession do so out of a desire to help others.
This laudable motivation, however, can only get someone so far. At the end of the day, lawyers have personal and business debts and obligations that need to be met. Assessing and collecting fees from clients is the primary way this is accomplished. After a car accident, you may decide that you need competent legal representation to help you achieve the best possible outcome in your accident injury case. This desire, however, may be tempered by fears and doubts about how much such representation may cost and/or how you will afford to pay your car accident lawyer’s fees.
When most people consider how a car accident attorney calculates his or her fees for a particular client (if they think about this at all!), they envision an attorney keeping meticulous notes about the time spent working on the case and then assesses the client an hourly rate that can be hundreds of dollars per hour for the work the attorney has completed.
Like any other bill, the client is then responsible for promptly paying the lawyer for his or her work on the case up to that point. However, this is not the only (nor even the most predominant way) that car accident lawyer fees are assessed and collected.
A good majority of car accident law firms and attorneys (including Parker Waichman LLP) choose instead to assess and collect their attorney’s fees for car accident cases using the contingency fee model. This means that the client does not receive any bills for his or her attorney’s fees and the attorney does not charge an hourly rate. Instead, the attorney and client agree that the attorney will be paid a portion of the monetary damages that the attorney is able to recover for the client. This amount is usually expressed as a percentage of the total recovery (like 30 percent or 40 percent of the total amount recovered).
Thus, in a possible contingency fee arrangement where the attorney and client agree that the attorney should receive 30 percent of the complete recovery, the attorney’s fee would be $30,000 if the attorney was able to recover $100,000 in compensation for the client.
Talk with your attorney in detail about the terms and conditions of the contingency fee arrangement. Some jurisdictions limit the total percentage that an attorney may assess under a contingency fee agreement (in no case should the attorney receive the lion’s share of the recovery, no matter how large or small the recovery is).
Also, some attorneys will still hold the client responsible for costs of the case even though the attorney’s fees are only assessed if there is a recovery. For example, some contingency fee arrangements will specify that costs of the case – such as the filing fee, copying costs, travel expenses, and other similar costs – are the responsibility of the client and are to be paid regardless of whether the client recovers any compensation.
Under a contingency fee agreement, your attorney’s fees are almost impossible to calculate before a settlement or resolution of your case is achieved. However, the benefits of contingency fee arrangements help ensure that in no case will you have to pay for an attorney’s time or services unless that attorney is able to deliver compensation to you.
Parker Waichman LLP is transparent about its car accident fee arrangements and wants you to be informed as to how we assess our fees for our car accident representation. Speak with us about your car accident case and how we can help by calling 800-968-7529 today.
Parker Waichman LLP
If you or a loved one has been injured in an accident or have been injured by another party in some other way, we are here to stand up for your rights. Our personal injury attorneys have been representing injury victims and their families in Long Island and throughout the nation since the early 1980s.
Our law firm is ready to represent you in your injury case. We’ve helped many New York residents as well as those needing help nationwide. Contact our team for a free case consultation today.
I had a great experience with them , everyone was very helpful and sweet.
Michelle Murphy
4 months ago
Zarahi was very professional and very Quick and very knowledgeable i realy appreciated her patience and perseverance she Deserves 100 stars 🌟 but since i can only send 5 i Guess i will just have to send that truly yours Rashine Downs
Kush Three
6 months ago
VERY NICE WORK PLACE THEY HAVE BEEN GOOD TO MY MOM
Whitney Brinson
5 years ago
They treated me with tender love and care
Terrell Weaver
2 months ago
Wonderful people. They made the whole process if dealing with a gov’t agency so easy. Special compliments to Gina Viti
Michael Ross
2 months ago
I’m a 9/11 first responder, and I can honestly say that Parker Waichman made me feel like they had my best interest in my VCF case. Ms Candalino & Ms Viti are top notch in my book. I was constantly informed on the status of my case. I would definitely recommend Parker Waichman LLP to family and friends.
D D
6 years ago
We have the experience and the skilled litigators to win your case. Contact us and speak with a real attorney who can help you.
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