Not everyone has hundreds of dollars in a bank account to hire a legal professional who is the best car accident lawyer in Indianapolis, Indiana after an accident. If you’ve been seriously injured, you might be out of work, draining your funds even more. So what do you do if you need a car accident lawyer to help you with a personal injury claim? In personal injury cases, most lawyers work on a contingency fee basis. Here is what that means.
What Is a Contingency Fee?
When someone who is the best car accident lawyer in Indianapolis, IN works on a contingency basis, it means that he or she accepts the case and only gets paid if any money is recovered. If you do receive a settlement, the lawyer gets a percentage of the money. That percentage varies, but typically, it’s 33 to 40%. At 33%, if your lawyer negotiates a $30,000 settlement, your lawyer would get one-third, or $10,000. You would receive $20,000.
Some car accident lawyers have a sliding scale contingency fee. If your case settles before you go to court, your lawyer might get 33%. If your case goes to court, the fee might go up to 40%. You can ask your car accident lawyer about the fee system before you sign a contract with them.
What About Fees and Expenses?
A personal injury case has other expenses beyond the lawyer. Your Indianapolis, IN car accident lawyer may need trial exhibits and experts testify on your behalf. The court requires a filing fee. Investigators and reports are not free. These costs are usually taken out of your portion of the settlement when the claim is finalized.
The quicker you can come to a settlement, the fewer expenses and fees you’ll have. If you don’t go to court, you probably won’t need experts to testify and exhibits to demonstrate how the accident occurred. Settling outside of a trial can alleviate the burden of expenses. You’ll have to discuss this with your Indianapolis, IN car accident lawyer to determine the best way to proceed because every case is different.
Who Gets the Check?
Once your case has settled, the insurance company will send a check to your attorney’s office. Generally, this check will be made out to you and your Indianapolis, IN car accident lawyer. Your car accident lawyer will need to get your signature before depositing it in their trust account. Before you receive your portion, the expenses will need to be distributed. If your case involved a medical lien from Medicare or your personal insurance company, your attorney will need to resolve that issue before paying out your portion.
If you have been injured in a crash, you may be asking, “Who is the best car accident lawyer Indianapolis, IN clients recommend?” Contact Ward & Ward Law Firm and let us help you get the financial compensation you deserve.