If you have been involved in any kind of accident in which you were injured due to the fault of another party, you are definitely going to want to consider the use of a personal injury lawyer. Many people are hesitant to do this, however, because they are worried about the cost. The reality is that personal injury lawyers genuinely want to save you money and that shows through their techniques in their practice. Here are four ways your personal injury lawyer's practice saves you money:
Works on a Contingency Basis: Most personal injury lawyers are going to work with you on a contingency basis, which is basically like a partnership. This is because a contingency basis means that the lawyer is going to advance all the costs and only pay themselves once you reach a settlement. Obviously, the higher that settlement amount, the more your lawyer gets paid. This is a guarantee that not only is your lawyer going to work hard to get the highest possible settlement, but they are also going to ensure that a settlement is actually reached and your case won. If the case isn't won, after all, then your lawyer is not paid.
Keep Costs Low: Since the costs are advanced, your lawyer is going to ensure that these are kept as low as possible. This means that they make more themselves while also keeping the fee at the end you pay to your lawyer from your settlement low. The costs mostly go to hiring expert witnesses that can help provide evidence needed to prove your innocence in the case. This means your lawyer is going to ensure that every cost spent on an expert witness is going to be worth it by evaluating this witness and ensuring that their testimony matches your need for it.
Contingency Percentages are Low: Bear in mind that contingency fees are generally low and are sometimes even set by law through the state you are in. In general, it's roughly one-third of the settlement amount, according to All Law. This means that you are guaranteed to receive more from your settlement than your lawyer. Besides, you can even negotiate on this fee if you feel it necessary.
Negotiate With the Doctors: If for whatever reason, your medical bills end up being deemed as not part of the settlement offer, your personal injury lawyer is going to ensure that the costs of your medical expenses are still kept low. Chances are, you will be using whatever amount you do receive for the settlement left over after paying for damages on the medical expenses. Your lawyer can help you negotiate on these medical bill fees in order to guarantee that you are better set financially even after the case has been settled.
Personal injury lawyers are really there to help you maximize the amount you receive in your case. You can definitely expect not to be in any kind of financial loss after you hire a personal injury lawyer to help you.