In Florida, personal injury lawyers normally take 35% to 50% of the settlement or award. [1]
Yet, this can vary based on the specifics of the case and the agreement between the client and the attorney.
Understanding the Contingency Fee Model
Most personal injury lawyers in Florida operate on a contingency fee basis, meaning they only get paid if they win the case or secure a settlement for their client.
The fee is then a percentage of the total amount awarded.
When the parties decide to resolve the case without going to court, they usually pay a fee. This fee is around 35%.
If the parties settle the case before a verdict, they can increase the fee to around 40-50%%.
If the case goes to trial and the jury reaches a verdict, the fee might remain at 40%. But, there may be extra costs.
Factors Affecting the Fee
Several factors can influence the exact percentage a lawyer might charge:
- The complexity of a case affects the resources and time needed, which can increase the fee.
- Lawyers with lots of experience or a history of winning may charge more money.
- Lawyers may negotiate their fee if the potential award is large.
- Lawyers may charge extra fees for things like expert witnesses, court costs, and administration.
Benefits of the Contingency Fee Structure
The contingency fee structure is beneficial for clients because it allows them access to legal representation without any upfront costs.
It aligns the lawyer’s interests with the client’s: both want the best possible outcome. Moreover, it ensures that lawyers are selective about the cases they take, focusing on those they believe have merit.
Negotiating the Fee
It’s essential to remember that everything is negotiable. Before signing any agreement, discuss the fee structure with your lawyer.
Understand all potential costs and ensure there are no hidden fees. Some lawyers might be willing to adjust their percentage based on the specifics of the case or the potential payout.
The Importance of Legal Representation
Having a skilled and experienced lawyer by your side can make a significant difference in the outcome of your case.
They can navigate the complexities of the legal system, negotiate with insurance companies, and advocate for your best interests in court.
Conclusion
Personal injury lawyers in Florida usually charge between 33% and 40% as their fees. It’s important to know the details of your agreement.
Make sure you understand the fees and trust your lawyer to protect your interests.
Remember, a good lawyer can make all the difference in securing a fair settlement or award.
Looking for expert legal representation in Florida? Reach out to Drucker Law Offices today for a consultation, and let us fight for your rights!
