Product Liability Attorney Fees

Answer:

People often wonder how to pay the lawyer for handling a product liability case. Almost all product liability cases are handled by law firms on a contingent fee. Now, there may well be a few limited exceptions to that statement but those exceptions would likely be limited to individuals who have substantial wealth who for whatever reason decide that they would prefer to pay a lawyer by the hour and pay an hourly fee as the case is being worked on rather than paying a contingent fee. A contingent fee refers to a fee arrangement between attorney and client where the lawyer is paid a percentage of the recovery. The percentage can differ from case to case but almost certainly would be 25% or more. The percentage fee is likely to be not more than 40% of the recovery. Somewhere in the range of 25% to 40% is the range the case could fall in as far as the contingent fee the lawyer would charge.

It’s possible the lawyer would charge a different fee depending on whether the case settled, whether the case went to trial, and whether the case was appealed after the trial. Again, that differs from case to case and law firm to law firm. Generally speaking, contingent fees are used for product liability cases, that way you’re not paying the lawyer as the lawyer does the work. You’re not financial stressed as the case is unfolding. You don’t have to pay the lawyer anything if the lawyer doesn’t make a recovery for you. There are a lot of advantages to contingent fees and you should have a good thorough discussion with the lawyer about all aspects of the contingent fee arrangement when you’re selecting a lawyer. If you have questions about contingent fee arrangements or the use of contingent fee arrangements in product liability cases, you should call Hepworth Holzer law firm and any of us can help you with questions related to that topic.