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How Much Will My Brooklyn, NY Personal Injury Attorney Charge to Handle My Case?
Here in Brooklyn, NY the lawyer’s fee in personal injury cases is almost always one-third (1/3) of the sum recovered or 33.33%*. Brooklyn, NY Personal Injury Lawyers work on a contingency fee basis which means they take a percentage of the recovery.
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Hiring legal representation
When it comes to personal injury cases in Brooklyn, New York, hiring legal representation is crucial to ensure your rights are protected and rightful compensation is obtained. While the focus of pursuing legal action may often be on obtaining justice, it is equally important to understand how personal injury lawyers are compensated for their services. In Brooklyn, attorneys typically follow a contingency fee structure, which determines their fee as a percentage of the recovery amount. This essay aims to explore the fee structure and payment options for personal injury lawyers in Brooklyn, NY.
The Contingency Fee Structure
In Brooklyn, personal injury lawyers primarily operate on a contingency fee basis, meaning they do not charge upfront fees. Rather, their fees are contingent upon the successful recovery of compensation for their clients. This approach eliminates any financial burden on the injured party and allows individuals to access legal representation regardless of their financial status. Personal injury lawyers in Brooklyn typically charge one-third (1/3) of the sum recovered, translating to 33.33% of the overall compensation obtained.
Payment Option 1: Percentage of Net Recovery
Under this payment option, personal injury lawyers in Brooklyn calculate their fee based on the net recovery obtained for their client. After deducting legal expenses and any applicable costs from the settlement amount, the lawyer’s fee is determined as a percentage of the remaining sum. This payment option ensures that the client’s expenses are accounted for before the lawyer’s compensation is calculated.
Examples of Brooklyn, NY Personal Injury Lawyer Fees
To provide a clearer understanding, consider the following hypothetical scenario: A personal injury victim in Brooklyn successfully recovers $100,000 in compensation for their damages. Following the one-third (1/3) fee structure, the lawyer’s fee for their services would amount to $33,333. This example serves as a demonstration of the potential lawyer fees involved in personal injury cases in Brooklyn, New York.
To conclude, if you find yourself in need of legal representation for personal injury in the Brooklyn, Queens, Bronx, Manhattan, or Staten Island area, Top-Rated Karasik Law Group is the top law firm to turn to. Their ability to communicate in English, Spanish, Ukrainian and Russian, combined with their extensive expertise in various types of personal injury cases, sets them apart from the rest. With Karasik Law Group by your side, you can be confident that you have the best legal team fighting for your rights and seeking the compensation you deserve.