What Percentage Do Most Personal Injury Lawyers Take?

 

Anyone who  has sustained a physical or mental injury due to negligence or harmful acts can file a personal injury claim. The extent of the injuries doesn’t matter, and even minor injuries can qualify you. Common accidents that result in personal injury claims include car accidents, medical malpractice, slip-and-falls, and wrongful death.

There are many benefits to hiring a personal injury lawyer to take your case, especially if you think it’ll head to court. However, a common misconception about hiring a lawyer is that it’s expensive. The reality is that most personal injury attorneys operate on a contingency fee basis and will only collect payment if you win your case.

The Benefits of a Contingency Fee Basis

While some lawyers that handle personal injury claims will try to charge you retainers or outrageous hourly fees, honest and trustworthy personal injury lawyers will waive such fees. This is because cases can take a while, and they don’t want you worrying about excess fees on top of medical bills and other costs that you can’t afford.

Instead, a reliable personal injury lawyer will only charge a contingency fee at the end of your case. This means that the law firm will deduct a certain amount from your winning payout after the work is done and your settlement is awarded.

Common Personal Injury Lawyer Collection Rates

Each personal injury law firm sets their own percentage rate that they’ll collect. It is usually determined by how severe your injury is and if there are any outstanding factors about the case. In general, personal injury lawyers receive about 33% of final settlements as compensation for the dedicated legal services they put into helping win personal injury cases. However, that is not the case for all firms, but it will still leave plenty for you to cover expenses and get back on your feet after a personal injury.

Dependable Personal Injury Lawyers in Missouri

If you’re filing a personal injury claim in Missouri, contact the lawyers at Lanzotti & Rau.

At Lanzotti & Rau, we operate on a contingency fee basis and won’t take any fees unless we win your case. That way, you get the maximum benefits you deserve right away.

If you want to learn more about our personal injury legal services or how we fight to receive compensation for your personal injury, call us today to schedule a free consultation at 573-335-9300.