Have you been injured and are considering pursuing your personal injury claim but are hesitant because you’re unsure about lawyer costs?
You’re not alone. Many Nevadans face the same challenge and often end up accepting what insurance companies offer. They believe the cost of hiring a personal injury lawyer will be too much and might not be worthwhile.
However, this assumption is incorrect. Hiring a personal injury attorney who has a cost-effective fee arrangement increases your chances of receiving the maximum payout and achieving the most favorable outcome.
This blog post will discuss the fee arrangement of personal injury lawyers in Nevada and help you make the best decision for your case.
Understanding Personal Injury Attorney Fees in Nevada
Almost all personal injury lawyers in Nevada work on a contingency fee basis.
Benefits of a Contingency Fee Arrangement
- You only need to pay your lawyer if they win your case and obtain compensation. Otherwise, you don’t owe them any fees.
They take a certain percentage of the final settlement or final jury award as their fee. This percentage varies but is typically around 33% to 40%. For example, if you win a $100,000 settlement with a 33% fee agreement, you’d pay your attorney $33,000 and keep $67,000.
- There are no upfront costs or advances involved. So you don’t have to worry about them either.
- Typically, you don’t have to be concerned about your lawyer’s performance in securing the best outcome. They have a strong incentive to work hard and obtain the most favorable settlement, as their fees are directly tied to the outcome of your case.
But choosing the right lawyer is crucial for a favorable outcome. Check their track record and experience in handling cases like yours.
Factors That Influence the Fee Percentage of Personal Injury Lawyers
The percentage of the contingency fee can vary based on several factors:
The Complexity of the Case
Generally, the more complex your case is, the higher the percentage a lawyer will charge as their fee since they are making a high-risk gamble on it.
For instance, they typically charge a contingency fee of around 33% of the settlement amount or less if you have a simple car accident case and they can settle it easily by negotiating with the insurance adjuster.
But, if you have a medical malpractice case and they need to file a lawsuit, their percentage will likely increase to 36% or higher due to the complexity and risk involved.
However, if your case goes to trial, their fees can go up to 40% or even higher.
Experience and Reputation of the Attorney
Personal injury lawyers with significant experience and a good reputation usually charge a higher percentage in your case compared to less experienced lawyers. They know that they can secure a higher settlement for you.
Length of Time
The more time your case is expected to take, the higher the percentage a lawyer might charge.
Other Costs Associated With a Personal Injury Claim
- Photocopying documents fee
- Court filing fee
- Expert witness fee
- Depositions costs
- Trial exhibits costs
It’s your responsibility to take care of all these additional costs whether you win or lose. Some law offices permit you to deduct these expenses from your final settlement, while others charge on an ongoing basis.
Why Choose D.R. Patti and Associates to Pursue Your Personal Injury Case
Whether it’s deciding the fee or providing updates on your case, we are fully transparent. Furthermore, our fee arrangement is fair.
D.R. Patti & Associates has helped many residents in Nevada recover the compensation they deserve. Contact us for a free consultation today. We can answer all your questions and help you through your difficult time.