Lawyer Fees After An Accident – The Perazzo Law Firm

The Perazzo Law Firm August 3, 2023October 28, 2023

Attorneys, Automobile Accidents, and You

Understanding the Financial Aspects of Automobile Accidents: A Comprehensive Guide by Perazzo Law Firm Accident Attorneys

Jonathan Perazzo, founder at the Perazzo Law Firm and a dedicated car accident lawyer in Miami, provides a comprehensive insight into the financial implications for legal services related to automobile accidents in Florida.

Deciphering Legal Charges: Unveiling the Structure

There often exists considerable ambiguity regarding the cost of legal services, particularly in cases involving automobile accidents. The reality, however, is that attorneys employ a variety of charging methodologies. Broadly, these can be classified into:

Hourly fee,
Flat fee for the entire case,
Contingency fee.

A contingency fee is a common practice in personal injury cases. This fee is contingent upon the lawyer securing some form of recovery or settlement for the client. In the context of Florida, attorneys generally charge 33.33%, or one-third, of the recovery amount up to a million dollars.

The Dynamics of Legal Fees in Lawsuit Scenarios

The initiation of a lawsuit and the filing of a responsive pleading from the opposing party can alter the dynamics of legal fees. In such scenarios, due to the increased workload and potential elongation of the case duration, the attorney’s fees may increase to 40% for the first million dollars.

The Role of Defense Attorneys: A Necessary Provision

Defense attorneys typically charge an hourly fee to the insurance company for the defense work provided. This might be the reason why finding an attorney to defend against a plaintiff’s lawyer after an accident may pose a challenge. It is within this context that the indispensability of bodily injury coverage is highlighted.

Insurance Coverage: An Essential Precaution
It is highly recommended for individuals to have bodily injury coverage, primarily because, in the event of an unsuccessful pre-suit settlement, the insurance company will provide the individual with an attorney to aid in defense.

While it may seem tangential, it is also of great importance to discuss uninsured motorist coverage. This coverage protects individuals in situations where the person responsible for the injury does not have adequate insurance. Uninsured motorist coverage is highly recommended for individuals driving within the state of Florida.

To Recap
This discussion underscores the criticality of understanding the various mechanisms involved in automobile accident cases, with a particular focus on the importance of appropriate insurance coverage. For any further queries or assistance, feel free to reach out to us at Perazzo Law Firm, contact number 888-P-E-R-A-Z-Z-O. Thank you for your attention, and may you stay safe on the roads.