When you are in a tractor trailer accident, you may have serious injuries that take weeks or months to recover from. Many injured clients choose to be represented by an experienced personal injury attorney such as Guajardo & Marks to get them the compensation they deserve.
But attorneys cost money. A common question is how much the attorney’s fee is going to be and who is going to pay it. Most personal injury lawyers, including Guajardo & Marks, handle cases on a contingency fee basis. This means that you will not be charged a fee unless you recover money in the case. This can come from a settlement, judgment or jury verdict.
A contingency fee is paid from the settlement, judgment or verdict after a personal injury case is concluded. If the case settles out of court, the contingency fee is usually 1/3 of the money awarded. It is paid out of the proceeds from the settlement and a check is issued to you at the end of the case for the rest of the money. If the case goes to trial, the attorney’s fee could be 40% and is paid out of the total money awarded.
The attorney’s fee is paid from the case proceeds after settlement or the jury trial and is usually paid out of the other party’s insurance policy. With a contingency fee, you do not have to worry about incurring hourly fees or making any legal payments while the case is going on. Most truck accident attorneys also will handle any out-of-pocket costs that occur during the case and will take them out of the settlement or verdict proceeds.
The amount that the personal injury attorney charges will depend upon several things:
- Complexity of the truck accident case
- Experience of the truck accident attorney handling the case
- Nature of your truck accident injuries
- Whether you field a lawsuit
- Whether the case is settled or goes to trial.
As we noted earlier, most attorneys will charge a 1/3 contingency fee if the case settles before a lawsuit is filed. A 40% contingency fee is usually charged after the suit is filed. Some truck accident lawyers will charge a 1/3 fee before the trial and a 40% fee if the case is concluded at trial. The most frequent percentages for contingency fees are 25%, 33%, and 40%. According to state law in Texas, a contingency fee cannot be excessive or unreasonable.
If you do not recover any compensation in your case, you are not charged an attorney’s fee. That is why personal injury attorneys have a great incentive to produce results for you. They will obviously work as hard as they can to maximize your recovery so they will be compensated more.
Most personal injury attorneys in truck accident cases offer a free consultation to review your case. Therefore, most people injured in a truck accident have little to lose by consulting with a personal injury attorney. He or she could get you hundreds of thousands in compensation for your injuries, damages and pain and suffering.
Talk to a Truck Accident Attorney Today
If you have been injured in a tractor trailer accident, you probably have serious injuries that are causing you pain and suffering and lost work time. Talk to a personal injury attorney today at Guajardo & Marks. We can help you obtain the compensation you deserve for your truck accident injuries.