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How Much Do New York Boat Accident Attorneys Cost?

When hiring New York boat accident attorneys, you'll discover that most charge their clients either a contingency fee or an hourly rate (also known as an hourly fee). The total cost of hiring a New York boat accident lawyer may depend on several things, including:

  • Whether the lawyer charges an hourly fee or a contingency fee
  • Whether your case settles out of court or goes to trial
  • Whether you win or lose your case
  • The amount of the financial award you receive (if any)
  • How much the attorney spends in legal expenses while preparing and presenting your case

Hiring New York Boat Accident Attorneys on Contingency

With a contingency fee, the lawyer take a percentage of any financial award that the New York boat accident victim receives from the party at fault in the accident. If the case cannot be won or settled, then the attorney is paid nothing.

Contingency fees are, by far, the most common fee arrangement for lawyers who represent New York boat accident victims. Contingency fees offer a few advantages to boat accident victims:

  • You pay the attorney no money up front
  • You only pay the attorney's legal fees and expenses if you are able to win or settle the case
  • Because the lawyer will also benefit from a large financial award, he or she is motivated to work hard on your case

The main disadvantage to a contingency fee is that you may feel as if the lawyer received a disproportionately large payment if your case settled quickly.

Hiring New York Boat Accident Lawyers for an Hourly Fee

Although quite common in many types of legal practice, hourly fees are relatively uncommon among personal injury lawyers who represent accident victims.

With an hourly fee, you pay the attorney for the time he or she actually works on your case, plus expenses. You may be asked to make an advance deposit, also known as a retainer and payments will be due periodically throughout the case. You will owe the lawyer's fee regardless of whether you win or lose your case.

If you are only able to find lawyers who are willing to represent you for an hourly fee, this may be an indication that your case is worth very little money or is weak. Make sure you receive a thorough case assessment before deciding whether to hire a New York boat accident attorney for an hourly fee.

Calculating the Cost of New York Boat Accident Attorneys

Before agreeing to hire a New York boat accident lawyer, ask the attorney to walk you through a breakdown of the costs. You want to know:

  • Is the lawyer being paid an hourly fee or a contingency fee?
  • Approximately how much will you owe the lawyer if you do not win or settle the case?
  • Approximately how much does the lawyer think you could receive from the party at fault if the case settles? If it goes to court?
  • Approximately how much would you pay in legal fees if the case settles? If it goes to court?
  • Approximately how much would you pay in legal expenses if the case settles? If it goes to court?
  • Approximately how much money would remain after fees and expenses if the case settles? If it goes to court?

Once you have an accurate estimate of these amounts, you'll have a much better idea of the cost of hiring a New York boat accident attorney.

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