Common Attorney Fee Structures
Attorneys typically charge their clients through hourly rates, flat fees for an entire case, or, especially in personal injury cases like car accidents, contingency fees.
Understanding Contingency Fees
So, you may wonder, what exactly is a contingency fee? A contingency fee is contingent upon the attorney achieving a favorable outcome or securing a satisfactory settlement for the client. In Florida, this fee structure often amounts to approximately one-third, or 33 and a third percent, of the total recovery, up to a million dollars. The attorney receives this portion, while the remaining funds are allocated to cover medical expenses, other costs, and the client's share.
Escalation of Contingency Fees
It's important to note that contingency fees can increase to 40% of the recovery amount, up to the first million dollars, in cases where a lawsuit is filed, and the opposing party responds with a pleading. This adjustment accounts for the significant amount of work and time required for such claims, which may span from several months to several years.
Role of Defense Attorneys
Conversely, defense attorneys often bill insurance companies on an hourly basis for their legal services in defending against claims. Consequently, finding an attorney to represent you as a defendant in an accident case can be challenging.
Jonathan Perazzo, founder at the Perazzo Law Firm and a dedicated Miami Car Accident Lawyer
, serves individuals and families who have suffered injury due to the negligence of others. With a deep understanding of the emotional toll accidents can take, our firm is committed to helping those in need.
Our news blog is designed to keep you informed on the latest personal injury cases and legal developments. We aim to raise awareness of the injury and loss of life that occurs in our community by sharing information from publicly available sources. However, please note that the information shared in our blog has not been independently verified, and the photos depicted are not necessarily representative of the actual event. If you notice any inaccuracies, please bring them to our attention for correction.
INJURED IN AN ACCIDENT?
CONTACT THE PERAZZO LAW FIRM ONLINE NOW FOR A FREE INITIAL CONSULTATION
ZERO OUT-OF-POCKET FEES TO CLIENTS
(786) LAWS-411 / 888-PERAZZO
ATENDEMOS A LA COMUNIDAD HISPANA