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Posted in Personal Injury on March 3, 2023
When you have been hurt in a car wreck, you undoubtedly think, “How much is this going to cost me?” You may have medical bills, physical therapy costs, and out-of-pocket expenses. You may also be losing wages while you recover. You may worry whether you can afford a single other expense.
This concern leads many to shy away from hiring a car accident lawyer after their crash in NYC. However, hiring a car accident lawyer may be more affordable than you think. Understanding how New York car accident lawyers typically calculate their fees can lead you to make an informed decision about hiring the right attorney to represent you.
A New York car accident lawyer will most likely charge contingency fees to represent you in your case.
Attorneys charge their clients fees for the work the attorneys do on behalf of their clients in preparing and presenting their lawsuits.
In the past, lawyers typically would charge their clients a fixed fee or an hourly rate for the lawyer’s services. In modern times, however, contingency fees are commonly used in car accident lawsuits and other cases where the amount of work and size of recovery may vary greatly from one case to the next.
With a contingency fee agreement, attorneys’ fees will come from any monetary judgment the attorney secures for you through your case. The contingency fee is typically expressed as a percentage of the overall monetary award received.
The precise percentage your car accident lawyer will charge can depend on:
Because the attorney’s fees are paid from any recovery received, there are not many upfront costs your attorney will charge. And if the attorney does not recover anything for you, you do not owe any attorney’s fees.
Aside from perhaps the filing fees for your lawsuit or small administrative costs, lawyers who offer their clients a contingency fee arrangement typically do not charge much up front, if anything, for upfront costs. Any costs are much lower than traditional retainers found in hourly-fee arrangements and are often recouped with a successful judgment.
So obtaining high-quality legal representation for your New York car crash case need not be prohibitively expensive. By entering into a contingency fee arrangement, your attorney is encouraged to resolve your case quickly and for the greatest amount of compensation.
Moreover, most car accident attorneys offer free consultations. These consultations help you understand your rights and options after a collision in NYC.
If you’ve been in a car accident in New York, the Law Offices of Jay S. Knispel Personal Injury Lawyers can help. We’ve recovered millions for car accident victims in NYC. We handle all personal injury cases on a contingency fee basis.
Contact us today to schedule a free consultation to discuss your case.
If you need legal assistance, contact the New York City personal injury lawyers at Law Offices of Jay S. Knispel Personal Injury Lawyers at your nearest location to schedule a free consultation.
We have two convenient locations in New York:
Law Offices of Jay S. Knispel Personal Injury Lawyers – New York City Office
450 7th Ave #1605
New York, NY 10123
Law Offices of Jay S. Knispel Personal Injury Lawyers – Brooklyn Office
26 Court St Suite 2511
Brooklyn, NY 11242