How Much Do Personal Injury Lawyers Make
Personal injury lawyers typically charge on a contingency fee basis, meaning they only receive a percentage of any settlement or award obtained for the client. The percentage varies depending on the stage at which the case is resolved and the attorney’s level of experience. On average, personal injury lawyers take about 33% of the settlement or award, but this can range from 25% to 40% or more. Additionally, some personal injury lawyers charge hourly rates for their services.
Here are some of the different types of accidents PI lawyers handle under the applicable umbrella term of personal injury?
Personal injury lawyers handle a wide range of cases that fall under the umbrella term of personal injury. Some of the different types of accidents and injuries that personal injury lawyers may handle include:
- Auto accidents: Cases involving injuries or damages resulting from car, truck, motorcycle, or other motor vehicle accidents.
- Slip and fall accidents: Cases involving injuries or damages resulting from falls on someone else’s property.
- Medical malpractice: Cases involving injuries or damages resulting from a healthcare professional’s negligence.
- Workplace injuries: Cases involving injuries or damages suffered by employees in the course of their employment.
- Wrongful death: Cases involving the death of an individual caused by the negligence or wrongful act of another.
- Product liability: Cases involving injuries or damages caused by defective or dangerous products.
- Premises liability: Cases involving injuries or damages suffered on someone else’s property as a result of poor maintenance or faulty design.
- Dog bites: Cases involving injuries or damages caused by dog bites or attacks.
- Brain injuries: Cases involving injuries or damages suffered as a result of traumatic brain injuries.
- Spinal cord injuries: Cases involving injuries or damages suffered as a result of spinal cord injuries.
These are just a few examples of the types of cases that personal injury lawyers may handle, but there are many other types of accidents and injuries that can fall under the umbrella term of personal injury.
How Much Money Do Lawyers Get?
The amount of money that a lawyer can make can vary widely depending on a number of factors, including the lawyer’s area of practice, location, level of experience, and the size and type of firm they work for.
- On average, a personal injury lawyer can make anywhere from 33% of the settlement or award obtained for a client, this can range from 25% to 40% or more.
- Lawyers in big law firms can make significantly more than those in smaller firms or solo practices. According to the Bureau of Labor Statistics, the median annual salary for lawyers in 2020 was $122,960.
- Lawyers who work in major metropolitan areas tend to make more money than those in smaller towns or rural areas.
- Lawyers in certain areas of practice, such as intellectual property, corporate law, and litigation, tend to make more money than those in other areas of practice, such as public interest law or criminal defense.
It’s worth noting that many lawyers, particularly those in small firms or solo practices, may not make a high salary in their early years of practice, but may earn more as they gain experience and establish a reputation in their field. Additionally, not all lawyers make the same, there are some that make significantly more than others, and some that may not make as much as the average.
