Why Does My Lawyer Take a Contingency Fee After a Car Accident?

It is important to get the settlement you deserve after a car accident to compensate for the injuries you have suffered. Note the additional stress that comes with a car accident, which is why you should understand the significance of car accident lawyer fees in Wisconsin.

Importance of hiring a car accident lawyer in Wisconsin

You might be concerned about the cost when you hire an attorney after being involved in a car accident in the state of Wisconsin. This might even get worse if you are injured, unable to work, and have bills to pay. Fortunately for you, the state of Wisconsin allows car accident attorneys to help you out on the basis of contingency fees.

Moreover, under Wisconsin law, you can pursue non-economic damages like pain and suffering or loss of quality and enjoyment of life. So, if you are injured due to the negligence of someone, you deserve to receive compensation.

But you need an experienced car accident attorney to help you negotiate with your medical providers as you keep more of your recovery. So, you will have an advantage if you have someone on your side who knows the system and has focus on your best interests.

Understanding car accident lawyer fees in Wisconsin

There will be a contract to be made between you and your attorney or a law firm called the contingency fee agreement. But the attorney’s fees will be dependent on the outcome of the case. 

  • What percentage do most lawyers take as a contingency fee?

The attorney’s contingency fee is a percentage taken from the total monetary compensation won in the case. 

  1. For general liability cases – standard contingency agreement percentage is 33.33% of the whole monetary compensation.
  2. For product liability cases – the contingency percentage is higher due to the increased expenses and risks associated with such cases.
  3. For medical malpractice cases – the contingency fee will depend on the Wisconsin Statute Section 655.013.
  • How much are most car accident settlements?

The average car accident settlement amount will vary depending on the source. However, most car accident settlements in 2020 was around $20,000, while most received below $10,000 in the same year.

The factors affecting car accident settlements include insurance coverage, financial loss, liability, severity of injuries, and state laws. 

  • How much pain and suffering should I ask for?

The value of pain and suffering can be varied depending on how much you are hurt. Thus, it can be hard to measure the damages brought about by pain and suffering. But your car accident lawyer can help you by applying the following factors, such as:

  1. Extent of the injury
  2. Disability or disfigurement
  3. Impairment to do normal activities
  4. Aggravation of pre-existing conditions
  5. Total economic loss
  • What is a contingency fee in legal terms?

The contingency fee is the type of payment arrangement in a case in which the client and the attorney or law firm will agree that the legal fees will be contingent upon the successful outcome of the case. 

Car accident lawyer fees in Wisconsin may vary depending on the settlement amount or the insurance coverage you have signed up for. Thus, you have to get familiar with these terms and get in touch with car accident lawyers to ensure that you get the best possible outcome for your case.

References:

https://www.injurylawyerwi.com/PersonalInjuryFirm/NoWinNoFee#:~:text=In%20Wisconsin%2C%20you%20can%20expect,of%20around%2020%2D40%25.
https://lawyers.law.com/article/why-its-worth-getting-a-wisconsin-car-accident-lawyer.html

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