Lawyer Stouffville ON
Looking For The Monetary Aspect of Hiring Injury Lawyer In Stouffville?
Most of the personal injury cases are worked on a contingent fee basis, which is also known as ‘No win, no fee’ basis. This is a very useful system for the injured person as it allows hiring a professional and experienced lawyer without paying any legal fees and coming to know about the chances of the case. In such an arrangement the Personal Injury Lawyer in Stouffville would deduct a percentage of the settlement amount, which is usually 33% and may even go up to 40%, apart from any incidental charges that have been paid by your attorney on your behalf for the beneficial purpose of your case.
Settlement before Lawsuit
When a settlement is achieved before even filing a lawsuit which is a formal complaint made to the court, you do not have to pay more than 33% of the settlement amount to the Personal Injury Lawyer in Stouffville. This is because most states allow shifting in the fee limits depending on the stage of the case. If it all starts and ends with the sending of the demand letter by your lawyer to the wrongdoer who has injured you, then such arrangement and payment are enough. The demand letter would explain the injury, date, time and demand for payment. If the opponent party makes a counter-offer, settlement can be achieved through further negotiations.
Settlement After Lawsuit
The settlement may also be achieved after the lawsuit has been filed. When the wrongdoer does not take the demand letter seriously, or negotiations are not fruitful, then your Personal Injury Lawyer in Stouffville may file a lawsuit seeing the strength and potential of the case. At this time when settlement is reached, the lawyer may ask for forty percent of the settlement amount. It is also true that as your case goes on, things can become costlier, and therefore you should carefully consider all the options before rejecting any pre-suit settlement. Add more to it the expenses that your lawyer may have made from his pocket would be further deducted from the settlement money received.
Cost And Expense
The cost and expense of the case may be covered by the Personal Injury Lawyer in Stouffville and deducted finally from the settlement amount. There may be some lawyers who may charge you for the costs as and when they become due, but in both the ways, you have to pay for all the cost and expenses for the case. Such cost and expenses include postage and filing fees, police and medical reports, investigation and witness fees, photography charges, depositions a trial exhibits and much more.
Receipt of Settlement Check
Finally, the settlement check is received by the lawyer who is a common practice. It is just to ensure that the lawyer would get paid for his service and also get reimbursed for all the costs and expenses. This may be an amount which may be even 45 to 60 percent of the entire settlement amount. You would be informed about the check, explained about the deductions to cover the fees and expenses and then pay it over. If you dispute, then the amount is placed in a trusted account for further settlement. Visit Here: Makaronets Personal Injury Law