What is the legal percentage a lawyer can charge an individual for a case based upon the amount the individual will receive?
2 Answers from Attorneys
There is no set standard percentage or cap via statute or case law. Typically lawyers charge contingency rates anywhere from 40% to 50% for negligence cases. Remember, they don't get paid unless they win. Also, they shoulder all the costs up front and have to eat that if they don't win.
That is a point of negotiation between the client and lawyer. Typically, they might range anywhere from 33-60%, depending upon how much financial risk the lawyer is undertaking. For example, a simple accident case might not involve very much expenses or risk of losing for an attorney and the contingency fee might only be 33% but if it is a complex case in which the attorney will have to shell out thousands for trial preparation and might possibly lose, the fee might be 50-60%.
If you're wondering about a particular fee arrangement, speak to some other attorneys and get some comparisons.
Related Questions & Answers
I am not sure which area my concern falls under. What legal rights do I have in... Asked 3/30/10, 3:35 pm in United States Alabama General Civil Litigation
Can I be sued for damages if no agreement was signed or lease signed. Asked 3/29/10, 11:08 am in United States Alabama General Civil Litigation
Can I sue An Indepedent Auto dealer for misreprsention.HE told me he could fix my... Asked 3/29/10, 11:07 am in United States Alabama General Civil Litigation
If you need to sell your home; to move to another state How much notice do you give... Asked 3/27/10, 8:24 am in United States Alabama General Civil Litigation
An auto shop told me my car needed a engine I went an got one, he told me my car... Asked 3/24/10, 8:12 am in United States Alabama General Civil Litigation