Questions About Truck Accident Lawsuits People Commonly Ask
We are taking this opportunity to address several questions truck accident attorneys often get asked about truck collision settlements, lawsuits and retainers.
How much do truck accident lawyers charge?
Typically, truck accident attorneys work on contingency, meaning they don’t get compensation unless you do. In general, truck accident lawyers charge anywhere from 33% – 40% of the final “value” of your case. If your case settles out of court, you may only pay 33.3% of the settlement value. If your case goes to trial, you may pay 40% or more of the value of your verdict. Case costs & expenses are usually advanced by the law firm until the case is resolved, and then the costs are deducted from the client’s share of the settlement or verdict. *This is merely an estimate of the industry standard, your attorney may charge differently and different State Bar Associations may regulate attorney’s fees differently depending on various factors. You should thoroughly discuss fees and costs with any potential attorney, and it should be clearly outlined in your retainer agreement.
How should I prepare for the truck accident consultation?
Typically, when you call a truck accident lawyer you will talk to an intake employee or possibly an attorney. This person’s job at this point is to qualify or disqualify your case. If you are scheduled for a consultation, you’ll typically meet with an attorney to discuss all the facts and evidence. When you meet with a truck accident lawyer for a consultation, this is your opportunity to tell them as much as possible about your side of the case, disclose any relevant information regarding the incident, turn over photos, videos, police reports, insurance communications. Most people think that a truck accident lawyer might take any case, but that’s actually far from the truth. Truck accident lawsuits are incredibly expensive and time consuming to litigate, if the attorney you’re meeting with sees your facts & evidence and doesn’t believe you have a worthwhile case they won’t be able to take your case on. Come prepared with as much information as possible, even if you don’t think it will be relevant – they will sort out what matters and what doesn’t.
How much is my truck accident case worth?
This is the most common, yet most difficult question to answer. In order to determine the value of a truck accident lawsuit, your attorney must know all the details. After that, he/she will need to research similar cases, and cases involving similar types of loss. These types of cases help establish the precedent for what your matter might be worth. Determining the value of a truck accident case is very complex, and there are numerous factors that may contribute to the potential settlement value.
Will my truck accident case settle or go to trial?
You should know that less than 10% of cases go to trial, meaning that roughly 90% of truck accident cases settle out of court (or pre-trial). The cost of litigation can be several hundred thousand dollars on both sides, often clients need money to cover household expenses, medical bills and other items. Because of this, all parties are often motivated to settle if an equitable agreement can be reached. However, complications and difficulties often warrant pushing a case towards trial if the client understands all of the implications of that decision.
Attorneys Get 40% More Recovery
An IRC study (“Paying for Auto Injuries”) reported that when an accident victim retained an attorney, they tended to get a 40% higher settlement than without.