When it comes to hiring a Massachusetts Personal Injury Attorney, one of the first questions that come to mind is, “What is the cost, and how are fees structured?” Neil Marion provides valuable insights into the fee structure and costs associated with personal injury cases.
No Upfront Fees: A Relief for Clients
Generally, personal injury attorneys in Massachusetts don’t charge an upfront fee. Clients can breathe a sigh of relief knowing that their financial burden isn’t immediate. Instead, attorneys are compensated through the settlement they obtain for their clients from the insurance company.
Performance-Linked Compensation
The financial arrangement is designed to align the attorney’s interests with the client’s recovery. If, for any reason, there’s no recovery at the end of the case, clients are not obligated to pay any money to the attorney. The attorneys, therefore, have a vested interest in securing the best possible settlement for their clients.
Understanding the Fee Structure
The cost structure involves the attorney taking a portion of the settlement. This percentage can vary, and Neil Marion sheds light on the New Jersey state law, where the maximum fee is one-third of the recovery, up to $750,000, and then decreasing for higher amounts. In Massachusetts, fees can range from 25% to 40%, depending on the law firm and the specifics of the case.
Upfront Costs: Covered by Attorneys
Neil Marion emphasizes that any costs associated with the case, such as obtaining medical records or hiring experts, are generally covered by the attorney upfront. These costs are then reimbursed at the end of the case from the settlement amount.
Fee Variability: Seek Information
It’s crucial for clients to understand that fee structures can vary from law firm to law firm and from client to client. While some law firms in Massachusetts may charge up to 40%, others may charge as low as a third. Neil Marion advises potential clients to inquire about fees when consulting with attorneys to make an informed decision.
The cost of hiring a personal injury attorney in Massachusetts is designed to be client-friendly, with no upfront fees and attorneys sharing in the risk by tying their compensation to the success of the case. Understanding these nuances can empower clients to navigate the legal landscape with confidence.
If you live in Boston, Massachusetts and would like to hire Neil for your Personal Injury Case or legal assistance, visit Neil Marion’s profile on the Esquire Elite website here: https://www.esquireelite.com/attorney/neil-r-marion/
Disclaimer: The information in this article is not intended to be legal advice. Each situation is different, and the insurance laws in your state may differ from those discussed in this article. Please seek the advice of a professional for any questions related to your specific situation.