Let’s face it, accidents happen. But when you are injured due to the negligence of another party, you will need to seek compensation. Hiring a personal injury lawyer is a must when it comes to these cases. Attorneys can be expensive, so saving money when you can is very important. Today, we are going to learn some tips that will help you save money and keep more of your settlement.
Look for Lawyers with Lower Commission Rates
When looking for a personal injury lawyer, look for one that has low commission rates. Often, lawyers will charge different rates for different cases. But it is up to you the client to ask about them. On the other hand, some lawyers post their rates and some will not be willing to change them. If you run into this situation, and the attorney is not willing to work with you, find someone else. There are plenty of lawyers out there that offer affordable rates. Most lawyers charge between 30% to 40% in commission. By choosing a lawyer with a lower rate, you will bring home more of your settlement. Depending on the size of your case, getting a lower commission rate of just a few percent can really add up to a lot of money.
Don’t Be Afraid to Haggle
When it comes to accepting the terms of your case, don’t be scared to haggle. Most lawyers know that there is a lot of competition out there and many will negotiate on price. This can actually save you a lot of money depending on the size of your potential settlement. Haggling is a great way to save money and if you don’t do it, you could be wasting thousands of dollars. For more information on how to haggle, please visit this website. Here you will find some helpful tips that can help you haggle with even the smoothest attorney in town.
Consider Your Earning Capacity
Most personal injury cases will include lost wages. Your time away from work will be calculated and multiplied by how much you make hourly. This is called your earning capacit, and will affect the amount of your compensation. Thus, the more you would have made on the job, the more you will get paid after you win your case. Those who have a higher earning capacity will simply get more compensation. Lawyers are often more willing to take these cases at a lower commission due to the large size of the potential settlement, which can help save you more money. For more information on earning capacity, please check out this link.
As you can see, using these simple tips will save you a lot of money. Remember to hire lawyers with lower commission rates and don’t be afraid to haggle. Getting the most out of your case will mean more money for your family. Shopping for lawyers doesn’t have to be difficult if you know the right questions to ask.