If you are injured in an accident caused by negligence in Georgia, hiring a personal injury attorney can significantly increase your chances of obtaining fair compensation. However, most injury victims have questions about legal fees and costs. Specifically, many wonder – how much do lawyers take from settlement in Georgia cases? Below is an overview of common attorney fee structures in the state and what percentage of your total settlement lawyers typically collect.
Contingency Fee Agreements
The majority of Georgia personal injury attorneys work on a contingency fee basis. This means the lawyer only collects a percentage of the settlement if they successfully recover compensation on your behalf.
Typical contingency fees in Georgia range from 33% to 40% of the total settlement amount. The fee rate depends on factors like case complexity, how far along in the legal process it proceeds, and settlement size.
Why Contingency Fees Benefit Accident Victims
Contingency fee agreements come with these key advantages for plaintiffs:
- Pay nothing up front – fees are only due if you win compensation
- Attorney has incentive to maximize recovery to earn larger fee
- Share risk – lawyer doesn’t get paid unless you do
- Access to quality legal representation even if short on funds
Just be sure to get all fee details in writing before signing an agreement.
Costs Are Also Deducted from Settlements
In addition to a percentage fee, your lawyer will deduct necessary case costs from your eventual award or settlement. This covers expenses like:
- Filing/court fees
- Process server charges
- Investigation costs
- Expert witness fees
- Costs related to medical records, police reports, evidence, etc.
Discuss projected case costs upfront so you aren’t surprised later.
Do Higher Settlements Mean Higher Fees?
Yes, typically your attorney’s total fee amount increases in proportion with the size of your settlement. That’s because contingency fees are based on a percentage – usually 33% to 40% – of the total amount recovered.
However, some firms may reduce their fee marginally on very large settlements. For example, maybe they take 33% of the first $1 million and 30% of amounts above $1 million. Talk fee details through thoroughly with your attorney.
Negotiating Legal Fees
Remember, contingency fee percentages are negotiable. If a lawyer initially proposes a 38% fee, you may be able to get them down to 35% or 33%, which saves you thousands. Ask what they are willing to accept.
Factors like the complexity of your case, how quickly it can settle, and your attorney’s case load impact their willingness to lower fees. It never hurts to politely ask if they can adjust their rate.
Caps on Contingency Fees in Georgia
For medical malpractice cases resulting in settlements over $1 million, Georgia law actually caps plaintiff attorney contingency fees at:
- 33.3% of the first $350k recovered
- 25% of the next $350k
- 20% of amounts above $700k
No caps apply to other personal injury case types.
Seeking Maximum Compensation Makes Fees Worthwhile
While legal fees and costs reduce your total recovery, hiring a skilled personal injury attorney usually results in far higher compensation overall – even after the lawyer’s cut.
Experienced injury lawyers have the negotiation skills and resources to pursue full and fair settlements. They know how to value cases accurately and aggressively advocate for victims’ best interests. A competent attorney should ultimately recover enough extra compensation to more than justify their fee percentage.
Questions to Ask About Fees During Initial Consultations
When meeting with prospective lawyers, ask questions like:
- What is your precise contingency fee percentage?
- Are there any caps on fees in my case type?
- What costs will be deducted from my settlement?
- Will your percentage rate decrease if my settlement exceeds a certain amount?
- Is there any way to negotiate your fee downward?
- How do your fees compare with competitors?
Fee Agreements Must Be in Writing
Before agreeing to legal representation, verify all fee and cost details are spelled out clearly in a written contract. Never accept vague verbal agreements from attorneys. The written agreement protects both you and your lawyer later on.
Make sure you understand each paragraph fully before signing a contingency fee agreement in Georgia or elsewhere. Also hold onto a copy for your records.
Alternatives to Contingency Fee Agreements
Less commonly, personal injury attorneys may work on an hourly fee basis, usually ranging from $200-$500+ per hour. Hourly billing works better for some specific case types. However, contingency fee arrangements are typically best for injury victims as they shift risk to the attorney.
Some law firms take a flat percentage – such as 25% – of the gross settlement amount before any costs are deducted. Others take their percentage from the net settlement left after costs come out. Compare the structure carefully.
Questions to Ask Before Hiring a Personal Injury Attorney in Georgia
To protect your rights, ask any prospective attorney:
- Are you licensed and in good standing with the Georgia bar?
- What is your track record recovering compensation for clients in similar cases?
- What settlement amounts have you obtained in comparable past cases?
- Are you willing to take my case to trial if needed?
- How responsive will you be in updating me on case progress?
A Experienced Lawyer Maximizes Compensation
Although legal fees and costs do reduce settlement amounts, a skilled personal injury attorney has the expertise to maximize your overall recovery. Competent representation also gives accident victims better peace of mind.
Remember, reputable lawyers should ultimately recover sufficient compensation through settlement or at trial to more than cover their fees and costs. Don’t let fear about legal fees stop you from exercising your rights after an accident in Georgia. Protect yourself by hiring an accomplished attorney you trust.
Is an Attorney Required to Settle a Georgia Injury Claim?
No, technically you can try settling directly with insurers without legal representation. However, this is rarely advisable given the complexities of injury law. Experienced lawyers know how to skillfully negotiate and build strong claims.
To receive fair compensation in Georgia and avoid leaving money on the table, contact a qualified local personal injury attorney soon after any accident causing harm. Initial consultations are normally free.
While legal fees do take a percentage from any settlement, hiring the right personal injury attorney in Georgia almost always results in far greater compensation overall. Through strong negotiation tactics and comprehensive claim presentation, skilled lawyers know how to maximize recoveries for injured clients. Don’t let potential fees deter you from exercising your legal rights. Protect yourself by hiring an attorney with a proven record of getting victims fair payouts after accidents caused by negligence in Georgia.