subject: In hiring of a Las Vegas auto accident attorney, what will be the price? [print this page] In hiring of a Las Vegas auto accident attorney, what will be the price?
The price of hiring or going with a Las Vegas auto accident attorney varies on several factors. The major factor affecting the price of a Las Vegas car accident attorney includes whether the lawyer will be charging you on hourly or contingency basis.
If you are charged on hourly basis by a car accident attorney, you will then have to pay only for the actual time your attorney works on your case but not have to pay for any expenses the attorney spends on your behalf. When you hire or go with an attorney on contingency basis, you will be paying only the lawyer legal fees including expenses and money that if is recovered from the person at fault in your accident.
Other factors that might affect the price of going with a Las Vegas auto accident attorney:
The hourly rate or the contingency fee percentage that your lawyer charges
The amount of money you receive from the party at fault in your accident
Settlement of your case; is it out of court or is resolved through litigation
The amount of money spend by your lawyer on legal expenses during settlement negotiation and or presenting your case in court
Hiring a Las Vegas auto accident attorney on contingency
This type of fee is commonly used in personal injury cases. It offers several advantages to the accident victims:
Neither any up-front payment is needed nor you are billed by the lawyer while your case is in progress
Unless you win a financial settlement, you will not have to pay any legal fees
As your auto accident attorney even stands to benefit financially from a large award, he or she should be motivated to work hard on your case
Contingency fee holds a major disadvantage and it is that you may feel as if your attorney didn't make full fee if your case gets settled quickly or for a substantial sum of money.
Most probably you will find that all the Las Vegas personal injury attorneys you meet quote the same contingency fee percentage. You can negotiate a lower contingency percentage than the original quotation that you received from the lawyer, on your way to contingency fee negotiation. You can also negotiate with the attorney to calculate the contingency fee based on the award that is left after deducting expenses but not before deduction of the expenses. Should there be any negotiation in hiring a lawyer, then it must be before but not after you hire.
Hiring Las Vegas auto accident attorney on hourly basis
This type of fee is standard in many law areas including corporate and divorce legal work. In personal injury, it isn't much used. If you find hard in finding a Las Vegas auto accident attorney on contingency fee basis, this gives an idea that you hold less chances of winning your case or make little amount of money.
When you go for a lawyer on hourly basis, mostly you will be asked to make upfront payment. And to retain your lawyer, it's your responsibility to pay his or her fees and expenses on a regular basis, usually monthly. This hourly fees is paid out irrespective to winning or losing your case.
Before you hire a personal injury lawyer on hourly basis, ask the lawyer for a thorough assessment on your case. What is the likelihood that you'll recover money from the party at fault in your automobile accident? How much money are you likely to recover? Approximately how much will it cost-in legal fees and expenses-to recover that money?
Hiring a lawyer on hourly basis is like an investment and before you confirm an attorney, see if you are confident on the returns of investment.
Understanding Las Vegas auto injury attorney's price
Again and again, before you confirm to go with a Las Vegas auto accident attorney make sure you fully understand the factors that will have an influence on the price.
Below ones to be questioned to your lawyer:
What is your method of payment- hourly or contingency? How much do you charge per hour or what is your contingency fee?
Expected amount of money I may get on winning my case? And how much, if it goes to trial?
What is your expectation on the awards if it is settled? Goes to trial?
Approximately how much will I owe in legal expenses if we settle? Go to trial?
What will be the expected net award, if we settle? Go to trial?
Will I have to pay you any money if I do not receive a financial award? Approximately how much will I have to?
Once you have a clear understanding of the legal fees, expenses, and how much you would get as recovery amount, you will get a better idea on what will be the price in hiring a Las Vegas auto accident attorney.
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