How Much Does An Attorney Charge?
Understanding Attorney Fees: A Comprehensive Guide
Hello, and welcome to our blog. My name is Jonathan Perazzo, a seasoned attorney and the founder of the Perazzo Law Firm. Today, we dive into an often-asked, yet not commonly addressed question: How much does an attorney charge for a car accident in Florida? I hope that this article is as informative as you need it to be.
Standard Attorney Fee Structures
Firstly, the legal realm is quite vast and varied, and so are the ways attorneys charge their clients. Typically, you’ll find that they charge either an hourly fee, a flat fee for the entire case, or on a contingency fee basis. When it comes to personal injury cases, such as car accidents, the norm is usually to charge a contingency fee.
What is a Contingency Fee?
So, you may ask, what exactly is a contingency fee? A contingency fee is primarily dependent on the attorney securing a win or achieving a satisfactory settlement. In Florida, this is typically pegged at 33 and a third percent (about one-third) of the recovery amount up to a million dollars. So, the lawyer gets a third of this amount while the rest covers any medical bills and other expenses, with the remainder going to the client.
When Does the Contingency Fee Rise?
It’s worth noting that the attorney’s fees can sometimes rise to 40% up to the first million dollars if a lawsuit is filed and a responsive pleading is filed by the opposing party. This increase is due to the tremendous amount of work and time that is associated with these claims, which can take from a few months to several years.
The Role of Defense Attorneys
On the other side of the spectrum, defense attorneys usually charge an hourly fee to the insurance company for the defense work they provide. Hence, if you’ve been in an accident, finding an attorney to defend you against a plaintiff’s lawyer can be challenging.
The Importance of Bodily Injury Coverage
This predicament is why I always emphasize the importance of bodily injury coverage. This coverage is crucial as the insurance company will provide you with an attorney to help defend you if they can’t reach a pre-suit settlement.
Why You Need Uninsured Motorist Coverage
Besides bodily injury coverage, I strongly recommend uninsured motorist coverage. This is the coverage that protects you if the person who injured you doesn’t have insurance. While it might seem slightly off-topic, I believe it’s essential enough to bear repetition. Uninsured motorist coverage is probably the most critical coverage you can have when driving in Florida. So, if you don’t have it, consider obtaining it.
I genuinely hope that this article has shed light on the cost question: How much does an attorney charge, particularly in car accident scenarios in Florida? Remember, you can always explore our site for more information or call us at (888)PERAZZO for any inquiries. Thank you for reading, and God bless.