What are some of the costs and expenses of a personal injury lawsuit?
Costs and expenses of a personal injury lawsuit include disbursements paid to investigate and pursue your case, and the lawyers’ fees.
First are the disbursements. These are expenses that have to be paid for out of pocket. They can include police reports, hospital records, expert opinions, court filing fees and other administrative costs. A monetary retainer is usually requested to assist in paying the initial disbursements expected to be incurred to conduct a preliminary investigation of your case. If you cannot pay your retainer in full, a payment schedule can be set up. In some cases, the retainer can be waived entirely. However, repayment of expenses incurred will be expected in developing your case, either from the insurance company that pays your compensation or from your compensation. In a successful case, the majority of these expenses will be paid by the insurance company.
The second type of cost is the legal fee. The vast majority of experienced personal injury lawyers will charge you a percentage of the compensation that is recovered for you, which is called a contingency fee. The percentage will depend on many factors including the size of the recovery, how difficult the case is, how long it takes to resolve and how much of the lawyer’s own money has to be invested in the case. You should have an idea of the range of the percentage that will be charged. Additionally, lawyers have to charge HST on fees.
If you have any additional questions, please feel free to contact us.