Types of Fee Structures Charged By Personal Injury Law Firms Toronto

 The average payout for personal injury cases is $53,000. This means that when you are injured because of someone else’s negligence, you can get a reason to smile on a huge payday. Nonetheless, when pursuing your case and envisioning the payout, you should factor in the fees personal injury law firms Toronto charge for their services. Attorneys will charge you depending on how long your case will take and the type of case. Here are these types of fees.

Hourly rates

Like most professionals, lawyers can charge for their services by the hour for the time they spend working on your case. The rate is almost the same for estate, labor, and business lawyers. However, most personal injury law firms Toronto will not charge by the hour.

Flat fee

Flat fees are common in estate planning, criminal cases, and the drafting of wills. This option can be great for clients since they know exactly how much they will pay their lawyers. It also keeps dishonest attorneys from dragging their feet when handling your case so that they can bill you more because they take more time. However, clients with personal injury lawsuits are rarely charged a flat fee.

Contingency fee

This is the leading option for personal injury law firms Toronto. Here, you will pay your attorney a percentage of the money you get as compensation for your claim. This means you will not pay upfront for a lawyer’s services. The agreement will prove beneficial when you have no money to pay an attorney to represent you.

Some personal injury lawyers charge a modified contingency fee, often for cases with low odds of recovery. In this structure, you will pay an hourly rate plus a specified flat contingency fee. The flat contingency fee here is lower than the non-modified contingency fee, and the hourly rates are also often lower than the typical rates.