If you’ve suffered a catastrophic injury, it is likely that you will get compensated for it. Many of these injuries are a result of someone’s negligence, leading to a lawsuit against them.
However, most people are unsure how much a catastrophic injury lawyer charges and whether they ask for a percentage of the compensation money.
Let’s explore how much a catastrophic injury lawyer will cost.
How Much Do Catastrophic Injury Lawyers Earn?
A catastrophic injury lawyer typically charges a contingency fee for their services. It is worth mentioning that they get nothing if you lose your case, especially when it’s taken to court. However, the contingency fee is between 33% and 40% of the final settlement award, meaning it is very costly.
In some cases, you can negotiate and bring the price down, but it is dependent on the lawyer and company you hire. There is always a written agreement involved when hiring a lawyer for a personal injury case to consider all the costs and expenses in the case.
However, there are other types of fee arrangements between the client and the lawyer.
Some may opt for hourly-paid legal counsel, while others may agree upon different arrangements. As you can imagine, not everyone is happy to pay such a high percentage of their final settlement to the lawyer. Therefore, it is best to reach a mutual agreement before allowing someone to build your case.
Catastrophic Injury Lawyer Fee Arrangements Based on Risk
Most catastrophic injury cases have a contingency fee between 33% and 40%. This value seems high because the lawyer is taking a lot of risk to build your case and will not get paid if you lose. The client benefits from this arrangement because they may not be able to pay the lawyer upfront, especially if the price is quite high.
In most personal injury cases, lawyers agree to one-third of your total settlement. If you are awarded a compensation of 60,000 USD, your lawyer will keep 20,000 USD. But if you lose the case, they won’t get much, despite representing you and using their time and resources.
Some people find that they can negotiate a better fee arrangement by handling a portion of their case themselves. All personal injury cases involve investigation and negotiation. If you’ve handled this yourself (usually through the help of a family member), you can negotiate a better deal. However, you should bear in mind that this would require significant effort on your part to find the best price possible.
Hire Bourassa Law Group and its Team of Personal Injury Lawyers
Catastrophic injury cases can be very difficult to deal with by yourself. If you don’t have family and friends to rely on, the investigation must be handled by a professional who can get you the compensation you deserve.
Bourassa Law Group specializes in handling personal injury cases and goes the extra mile in helping clients win their cases. It considers each case individually and listens to the client’s details to create the strongest case possible. Contact them at (800)870-8910 for a free consultation.
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