What Is The Standard Percentage Lawyers Take In New York Car Accident Lawsuits?

What Is The Standard Percentage Lawyers Take After a Car Accident Lawsuit in Buffalo, New York?

Jed Dietrich, Esq., Selected as a Best Lawyer of America, and His Team of Uncompromising, Dogged, and Hardworking Lawyers at the Dietrich Law Firm P.C., Proudly Recognized by Expertise LLC as Best Car Accident Lawyers, Fight to Win the Highest Compensation for Victims Severely Injured in Car Accidents Throughout Western New York.

Standard Percentage Lawyers Take After a Car Accident LawsuitIf you are looking for a car accident lawyer, there is a high probability that you are already encountering mounding hospital bills, various other medical expenses, lost wages from missing work, and numerous other damages. Most likely, you have seen advertisements on television, googled personal injury lawyers, and may have even filled out a few online inquiry forms. It is extremely important to find a highly experienced attorney that can adequately represent all of your legal interests. You are probably wondering how much a lawyer will charge to take your case. The answer is a little more complicated than you would think. As an industry norm, almost all car crash lawyers represent clients on a contingency fee basis. This means that the attorney takes a standard portion of the settlement or judgment upon successfully obtaining money for the client. On the other hand, the lawyer will not earn any fee if the case is not resolved in your favor or no money is recovered. Before an injury attorney can get paid, the client must obtain compensation. 

As per New York State law, the standard contingency fee is one-third (1/3) of the recovery. While a recent change in the law has created two distinct methods for how the one-third is calculated, the fee will be one-third regardless of which method you choose. Nevertheless, it is imperative to ensure that you read the fine print of your contingency fee agreement. The hours following your car accident can be confusing and stressful. You may wonder if retaining an attorney is worth giving up one-third of your compensation. The truth is that prosecuting your collision case may be one of the most crucial endeavors that you have ever embarked on. Is not hiring a lawyer worth receiving considerably less compensation?

Former clients have repeatedly said that Jed Dietrich, Esq. is the finest car accident lawyer in New York. Defense attorneys and insurance adjusters often admit that it is very intimidating to see the Dietrich Law Firm P.C. listed on our clients’ claims. Choosing a lawyer with a superior reputation for obtaining huge settlements and judgments will show defense teams that your claim should be taken extremely seriously. The best part is that you can retain the best of the best at the Dietrich Law Firm P.C. without paying more than the standard one-third contingency fee. Highly praised and repeatedly honored with a Better Business Bureau A+ Rating, our brilliant law firm will fight to obtain the best result for your injuries and resulting damages. The Dietrich Law Firm’s supreme success rate comes from a combination of our vast legal knowledge and painstaking level of preparation. You have nothing to lose by scheduling your complimentary case evaluation today. Our veteran team is available 24 hours per day and 7 days per week at (716) 839-3939 or by filling out the online consultation form.

How Contingency Fees Work in Car Accident Cases

Standard Percentage Lawyers Take After a Car Accident LawsuitWhile recovering from a car crash, victims often struggle to pay their bills and put food on the table. A contingency fee makes it unnecessary for clients to pay retainer fees or any upfront costs. Most law firms even assume all expenditures associated with filing and pursuing their clients’ cases. As a result, car accident victims can afford to hire highly experienced personal injury attorneys to litigate their claims. This hypothetically gives everyone access to qualified counsel and sound legal guidance. Whether you hire a top rated lawyer with an extensive track record for taking cases to trial or an average lawyer who prefers to settle cases quickly, the lawyer’s fee will be the same. Since it does not cost more to receive top-notch legal services, why would you not choose to get the finest lawyer possible? The importance of retaining a practiced and knowledgeable personal injury attorney cannot be stressed enough. Having the best personal injury attorney take on your case will substantially increase the value of your claim.

Since personal injury attorneys are paid 1/3 of the gross settlement proceeds after deducting the expenditures, contingency fees are directly linked to the amount of money that he or she recovers. For example, if the Dietrich Law Firm P.C.’s battle-tested team settles your case for $200,000 and you have $20,000 in court costs, this would bring your gross settlement to $180,000. Our contingency fees would be $60,000, and you would receive $120,000. Contingency fees serve as extremely strong motivation for your attorney to fight for the highest possible compensation for all of your damages. Another advantage is that clients are not obligated to pay any attorneys' fees if their lawyer fails to obtain compensation. Consequently, attorneys try to make the best possible choices for their clients’ cases.



Factors That Affect the Value of Your Car Crash Settlement

After suffering a serious injury in a collision, it is only natural to worry about how you are going to be able to pay for your hospital bills, future medical treatment, and car repairs. It is also important to consider lost wages and future diminished earning capacity. Over 90% of car accident claims are settled without ever going to trial. Out-of-court settlements can be successfully negotiated by your lawyer. Numerous factors are generally taken into consideration when determining the settlement amounts, including:

  1. Hospital bills;
  2. The scope, severity, and permanence of your injuries;
  3. Estimated costs of your future medical care for accident-related injuries;
  4. How badly your injuries have affected your ability to work;
  5. The total property damage incurred;
  6. The strength of the evidence supporting your claim;
  7. The percentage of fault attributable to the defendant;
  8. Whether you did anything to contribute to the accident or your injuries;
  9. The limits of the other party’s insurance policy; and
  10. Whether the other motorist drove recklessly or under the influence.

A seasoned car accident attorney can help determine the overall value of your case. After learning how much your case is worth, you will be able to decide whether it is worth paying a contingency fee to retain a lawyer. Your case is very important to the Dietrich Law Firm P.C., and we will do everything within our power to obtain the maximum compensation for all of your damages. Our battle-tested negotiators will not accept anything less than your case is worth. Insurance companies have paid Jed Dietrich, Esq. over $175,000,000.00 in verdicts and settlements to resolve his clients’ cases. Our elite team is here to support you through this challenging time and will always treat you with the respect that you deserve. We are dedicated to obtaining the best possible result for your case. Our leading lawyers are available 24/7 at (716) 839-3939 or by completing the online consultation form. Please call the Dietrich Law Firm P.C., now at (716) 839-3939, so that we can help you!

Call the Dietrich Law Firm P.C. immediately at (716) 839-3939 so that our aggressive, tenacious and hardworking personal injury lawyers can fight to obtain the best result for your personal injury claim in Buffalo, New York. We are available 24 hours a day, 7 days a week, and there is never a fee until we WIN for you!

Client Reviews
I am a medical doctor and have worked with many of the best lawyers in Buffalo and I can say without question that Jed Dietrich is the only lawyer I would trust with my injury case in Buffalo New York. B.O.
Dogged, Determined, and Dead-set on getting you the Maximum settlement for your injuries! T.F.
No one will work harder, smarter or better; I have retained Jed and he obtained the best result for my case. D.P.
The definition of an "A" type personality-exactly who I would want to represent me in a serious personal injury case. E.S.
Jed is a Master in the courtroom without an equal. S.C.
Marquis Who's Who
Elite Lawyers of America