Suffering injuries from a commercial truck crash is difficult enough without the added burden of financial uncertainty. If you or a loved one has been harmed in a tractor-trailer accident, having an experienced truck accident attorney on your side is crucial.
At the Schiller Kessler Group, our priority is supporting injured victims so they can focus on healing. That’s why we work on a contingency fee basis – you pay nothing unless we secure compensation for your damages.
In this article, we aim to provide transparency around our process so you have clarity during an already challenging time. Let’s take a look into what it will cost to work with a truck accident attorney in Florida and how the services of a lawyer may ultimately maximize your financial compensation.
Contingency Fees – How They Work
When working on a contingency fee basis, truck accident attorneys only get paid if we win compensation for your claim or lawsuit. This means that upfront costs and legal fees are never a concern for our clients.
Once a settlement is reached or a verdict awarded, a predetermined percentage of the total amount is taken to cover expenses and your truck accident attorney’s pay.
Contingency percentages commonly seen in the industry are:
- 33% of settlement/award if resolved before trial
- 40% if the case goes to trial
The Percentages Involved
These standard contingency rates carefully balance ensuring victims receive maximum financial benefit from their case while also adequately compensating attorneys for their expertise, long hours committed, costs assumed, and the significant financial risk undertaken in taking on a complex case against a well-funded insurance company or large carrier.
Contingency fees allow attorneys to dedicate massive resources to each case, knowing they only get paid in the event of a positive result. Many injury victims appreciate not having to worry about ballooning hourly fees hanging over them as they focus all their energy on recovering from serious injuries.
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Contingency vs. Hourly Fees
When deciding on legal representation, it’s important to understand the differences between contingency fees and hourly rates.
With hourly billing, clients pay the attorney or law firm based on time spent working on the case. This requires coming up with funds upfront for estimated legal costs, and clients are responsible for payment regardless of the outcome.
Hourly fees can amount to tens of thousands of dollars even if you don’t achieve a recovery.
Contingency arrangements don’t require upfront payment—the attorney only receives a fee from monetary damages obtained. This benefits both clients and attorneys.
Beneficial for Clients and Attorneys
For clients, contingency removes the uncertainty of legal costs, allowing them to focus on medical treatment and recovery without financial worries. If no money is recovered, no fee is owed.
For attorneys, accepting contingency cases involves investing extensive time and resources with payment contingent on winning damages. This motivates attorneys to maximize recovery amounts through thorough preparation and strong advocacy.
Overall, contingency fee arrangements are preferable for personal injury victims seeking compensation. Clients receive peace of mind, while lawyers are incentivized to achieve the best outcomes. Our firm handles truck accident cases exclusively on contingency.
Ensuring Maximum Compensation
Our lawyers and legal staff have extensive experience evaluating damages in large-loss trucking claims. We utilize sophisticated techniques to determine the full scope of compensation you deserve:
- Medical bills: All costs for emergency response, hospitalization, surgeries, therapies, medications, and future medical needs are calculated.
- Lost wages: Current and projected lost income due to time away from work or loss of future earning capacity are precisely quantified.
- Rehabilitation costs: Expenses for assistive devices, home health aides, adaptive equipment, or special facilities required for recovery are included.
- Quality of life impacts: Damages reflect reduced enjoyment of life, disability, disfigurement, and other non-economic losses.
- Case-specific factors: Other out-of-pocket costs or unique harms resulting from your injuries are addressed.
Damages for pain and suffering and property damage are also factored in. This detailed damages analysis forms the basis for our settlement goals and value if your case proceeds to trial.
Don’t Underestimate the Challenges Involved in a Trucking Accident Claim
These cases involve complex technical issues regarding commercial vehicle maintenance and operation requirements, crash dynamics analysis, and determining liability across multiple parties. Insurance companies will exploit any weaknesses or lack of expertise on your part.
An experienced truck accident attorney can level the playing field. We understand trucking and insurance regulations inside and out. Our team conducts thorough investigations to build irrefutable evidence of responsibility. When negotiating, we leverage our knowledge, litigation skills, and familiarity with fair settlement amounts.
You gain strong advocacy, access to expert witnesses, and focus solely on recovery rather than legal maneuvering. With us on your side, you can overcome obstacles to achieving the maximum and just compensation you deserve.
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Find Out More About Working With a Truck Accident Lawyer Today
We understand dealing with the legal system holds uncertainties even during ordinary times, let alone when recovering from serious injury. As your advocates, we are ready to step in and handle this difficult process. Our personal injury attorneys will utilize every resource to maximize the value of your claim.
Whether through strategic settlements or aggressive litigation, rest assured we will stop at nothing to fully compensate your financial losses and hold culpable parties responsible.
Your recovery is our top priority. So, if you’re ready to take action and have experts working to your advantage, don’t hesitate to contact the Schiller Kessler Group today. Let’s schedule your free consultation and start moving forward.