Will Injury Lawyer Lloydminster Work On Contingency Fee
Basis Your Personal Injury Case?
A contingency fee is a deductible from the client’s final Personal Injury Settlement in the event that the case gets a favorable outcome. However, if the case does not make it through a court trial, the lawyer does not collect any fee. Here are a few things you will need to be aware of before hiring your Personal Injury Lawyer in Lloydminster.
Personal Injury Fee Percentages
On average, most contingency fee agreements give the Personal Injury Lawyer in Lloydminster a percentage of 33~40%. In a majority of cases, a personal injury lawyer gets one-third of the settlement. While you always have the option to negotiate this percentage, you could also opt for an alternative agreement. Lawyers likewise have the option to draw up a fee agreement called the ‘Sliding Scale’, where-in the contingency fee percentage varies based on the stage at which the case is settled. Thus, before you choose to reject a pre-suit settlement offer, reconsider your options as you may stand to lose more in terms of the fee percentage.
Costs & Other Expenses
More than often, your Personal Injury Lawyer in Lloydminster will cover the case costs and other expenses as and when they come and deduct them later from your share of the settlement. The costs and expenses of your Personal Injury Case will include any medical records, police reports, witness fee, postage bills, filing fee, fee charge by Investigators and other experts, trial exhibits as well as any transcripts or depositions prepared.
Costs and expenses can become pretty significant when the settlement is delayed or requires a complex series of services. Under the circumstances of a Sliding Scale Contingency Agreement, the lawyer’s fee could spike up to 45~60% of the settlement.
Who Gets The Settlement Check?
Without any doubt your Injury Lawyer in Lloydminster will be sent the settlement check as this will ensure his payment for his or her services. Once your lawyer receives the settlement check, they may provide you with an itemized list of the deductible which will be inclusive of the lawyer’s fee and any costs and expenses incurred during the case proceeding. In the event that you dispute any particular charges, the lawyer may then place the disputed amount in a bank trust account until the dispute is resolved.
Firing Your Lawyer Before Case Settlement
Do not be hasty in switching lawyers or firing your lawyer for any errors made during the proceedings, as your original lawyer has all rights to sue you and is also eligible to lien for the fee until settlement. The lawyer has rights to sue both you as well as the Personal Injury defendant for declining to protect and honor his lien right.
However, in the event that you are faced with this situation, it is best you convince your previous Injury Lawyer in Lloydminster in writing to seek no interest on any fee or expenses incurred in the case. This official document must then be forwarded to the defendant prior to settlement to avoid any further delays on the lien. For more information visit here: EBAB Personal Injury Lawyer