Archive for June, 2018
Ask about legal fees. A lawyer should offer you the choice of paying cash as you go along, but that can be expensive. Or, a lawyer can offer you a Contingency Fee agreement under which he agrees to handle your case for a percentage of the total award. If you lose, you do not pay his legal fee.
In most states, the maximum percentage of your winnings a lawyer can take under a contingency agreement is controlled by law. In other states, lawyers can charge whatever the client will agree to, within reason; however, there is one thing you should know. A lawyer can always agree to reduce his fee. Only the maximum is set by law. If a lawyer tells you that 40% of your award is the authorized legal fee in your state, he means that 40% is the most the courts will allow him to charge you. It does not mean that he cannot give you a better deal. Any lawyer can negotiate his fee with you, and you should try to get the best possible arrangement, especially if your case is worth a substantial amount and a large legal fee. Do not be afraid to ask. (more…)