By working on a contingency fee basis, personal injury attorneys only get paid a certain percentage if they win your case.
The amount of the contingency fee varies from one law firm to the next, but it’s generally in the 30 to 40 percent range (with 33 percent the most common arrangement).
Using a 33 percent contingency fee, here’s an example of how things may play out with a personal injury settlement in Florida:
- If you receive an offer of $200,000 from the at fault party’s insurance company, you’ll receive $134,000 and your attorney will receive $66,000.
- As noted above, if your attorney doesn’t win your case, you’re not on the hook for any costs.