ANSWERS: 2
  • Too much! Between 30 - 33%. Many work on a contingency fee basis. That means they get paid a percentage of the damages that you settle for. If it doesn't go to trial they may work for a lesser percentage of 20 to 25%.
  • First, you need to know that a lawyers fee is always negotiable. In fact, in CA, a lawyer that works n contingency must inform you of this in their retainer agreement. Second, the going rate is 30-40% if the case settles before trial, and up to 50% if the case goes to trial. Third, make sure you pay attention to when costs are deducted. For example, if you win $500k, the lawyers fee is 50%, and costs were $250k, then your take would be $0 if fees are deducted before costs (which is common), or $125k if taken after. Fourth, you do not have to hire a contingency attorney. If you have a good case with high damages you may want to pay an hourly rate. This means that you are funding the litigation, but the advantage is much more money in your pocket if you win. This also gives you an advantage to settle early.

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