How does accident attorney fee structures work?
Most accident attorneys charge by the hour. Other fee structures include flat fees, contingent fees or retainer fees. The following provides a simple explanation of how each kind of fee structure works. The hourly rate primarily depends on the attorney’s experience, although other factors include operating expenses and the location of the practice. An experienced accident attorney may also be able to give you a better estimate of how much he will end up charging you for an accident compensation claim. Attorneys will charge a flat fee when dealing with a more common legal matter, such as composing a will or drafting bankruptcy filings. When dealing with a flat fee, ask what it covers. Another common fee structure includes a retainer fee. Retainer fees involve creating an escrow account into which you pay in advance, and they deduct from this account in accordance with their hourly rate. Accident attorneys occasionally use a contingent fee structure. In this kind of fee structure, accide
