If you were involved in an accident with a semi, tractor-trailer, or box truck in IN, you are going to want to retain a Crown Point, IN trucking accident lawyer to help you with your case. Truck crash cases are more complex than those involving passenger vehicles as there are more laws that will come into play and more parties who may be potentially held liable for causing the wreck. And if you plan on recovering compensation for any expenses that have accrued as a result of the accident or wish to be awarded damages for the pain and suffering the incident has brought into your life, then it is essential you have an experienced attorney working on your side.
Now, when it comes time to hire a lawyer, you may find that the attorney will use certain terms regarding their fees, some of which you may not be familiar with. Therefore, to help you gain a better understanding of what certain terms mean so that you know what you are paying for, below we outline some common terms used for the legal fees attorneys charge or for the other fees you will be required to pay in the event you plan on taking legal recourse against a negligent truck driver who hit your vehicle.
- Retainer Fee. What is a retainer fee? This is probably one of the most common fees attorneys charge when they first take on a case. A retainer fee is “a fee that the client pays upfront to an attorney before the attorney has begun work for the client” [Source: Cornell Law School]. This is the first payment that is generally made to an attorney, that is, unless they require you to pay for an initial consultation. Now, the Cornell Law School identifies three types of retainer fees which include:
- General Retainer, which is “a fee [charged] for a specific period of time rather than for a specific project.”
- Retaining Fee,which is“a deposit or lump sum fee which the client pays in advance.” The attorney will place the money paid in a trust account and as they work on the case, they with withdraw money from it to serve as payment for their services. If anything is left over after the lawyer has provided their client with the necessary legal representation, it will be refunded to them.
- Special Retainer, which is “a flat fee that the client pays for a specific case or project”.
- Contingent Fee. Attorneys generally accept payment in one of two ways. The first is on a contingency basis.A contingent fee is when “a client pays certain fees to a lawyer only if the lawyer handles a case successfully” [Source:American Bar Association]. Many attorneys will generally offer clients such as truck accident victims this option when they are seeking damages on their behalf.
- Hourly Rate. The second billing method attorneys will often use is charging clients a flat fee per hour. This means if a lawyer charges $50 an hour and your case takes 20 hours in total to complete, you would be responsible for paying them $1,000. It is important to find out how much a lawyer charges by the hour and if their fees fluctuate when they are required to attend court on your behalf.
- Filing Fees. Anytime you file a document with the court, especially if it is a lawsuit naming a defendant who you are seeking damages from, you are going to have to pay a filing fee. Now, some attorneys will include this fee in with their rates, however, you may find that they will ask you to pay an additional amount depending on how much the filing fees are.
- Court Costs. In addition to filing fees, you may also be required to pay court costs. These range in amount as it depends on the type of case you are filing. In certain cases, especially personal injury matters, the victim will often seek damages as well as court costs from the negligent party who caused the accident.
Now, if you or a loved one suffered an injury in a truck collision in Crown Point, IN and are looking to hire an attorney who can help you recover the maximum amount of compensation you are entitled to, contact Marshall P. Whalley & Associates, PC by calling 219-769-2900. This firm has helped hundreds of clients for more than 30 years obtain a successful outcome in their case, some of which were awarded millions, and they can help you too.
To schedule an initial consultation with this firm to learn more about their fees and how they can help you and your family obtain the justice and compensation you deserve, contact them today.
You can also visit Marshall P. Whalley & Associates, PC at:
51 W. 112th Avenue
Crown Point, IN 46307