What Percentage Of My Settlement Will A Personal Injury Lawyer Get?

August 18, 2022 – Paul Hammack

South Carolina Personal Injury Lawyers | Hammack Law Firm | Call 864-326-3333

After you’ve been injured in an accident, you are most likely overwhelmed with taking care of yourself while also managing unforeseen bills and damages.  When it comes to retaining an attorney to file your personal injury claim, you’re probably wondering how much you can expect from your settlement after the attorney’s fees are taken out. This is an important question to ask and one we can help answer!

Setting Up a Consultation 

A consultation is an opportunity to speak one-on-one with an attorney about your specific car, motorcycle, or truck accident and your personal injury claim. Generally, the initial consultation is free, so use this time to your advantage and ask questions about your accident’s details and how that particular attorney handles such matters. Keep in mind that all consultations at The Hammack Law Firm are absolutely free and no obligation!

Attorneys are professionals, so their legal advice is invaluable when it comes to your car accident and personal injury claim. Most likely, the attorney will discuss the details of the incident with you to understand the damages you have suffered—including lost income, a damaged car, medical bills, and more. Once the attorney has gathered the necessary information, they will be able to determine if they can take on your claim and go after the “guilty party” for a settlement!

Retaining the Right Attorney

Finding the right attorney to ensure you receive the highest settlement possible can feel like a stressful task. Law firms specializing in personal injury are the best place to start, as these attorneys are more equipped to handle your claim.  

Personal injury lawyers can have varying degrees of experience, so you don’t want to assume they have a good amount of knowledge and expertise just because they are willing to handle your claim. Learn what types of personal injury claims they have taken before and how many of those they have settled successfully. You want to ensure that whoever you choose really will get you the best settlement possible. 

Contingency Fees and Settlement Percentages 

As you learn more about personal injury lawyers, you might begin to hear about something called a contingency fee. This is a standard practice for most personal injury lawyers. But what is it exactly?

A contingency fee means the attorney only gets paid if they are successful in helping you win a settlement. The amount of this fee is an agreed-upon percentage of the total payment of your claim. 

The percentage taken from your settlement will differ from attorney to attorney, but most often, the range is between 30% to 40%. Before agreeing to retain an attorney, it’s important to understand the specific percentage they will get from your settlement and any other fees they will expect.

For example: If your attorney’s fee is 30% of the overall settlement, and you get $5,000 from the other party’s insurance after settling the claim, the amount you will have in your pocket in the end is $3,500—this is after paying the $1,500 paying for attorneys fees. 

Are you worried about making less money from your accident claim if you use a lawyer because you will have to pay the attorney’s fee? Read our blog about why you will most likely STILL get more than you would without an attorney.

Conclusion

Ultimately, the best personal injury attorney has your interest at heart, and their job is to secure a settlement that covers all the damages you suffered.

Located in Greenville, SC, we at the Hammack Law Firm have extensive experience in personal injury claims and understand that you need someone on your side to navigate the settlement you deserve. Our expert team of lawyers in the Upstate of South Carolina will handle your claim, so all you need to focus on is recovering. 

Call us today at 864-740-8653! We would love to talk with you and learn more about how we can help.

Questions or Schedule An Appointment? Call Us:

(864) 326-3333

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