Attorney Fees and Legal Costs Flashcards
7 cards from real Accident Lawyer Tips practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Attorney Fees and Legal Costs flashcards as text
What is a 'retainer fee' in the context of hiring an attorney?
Answer: An upfront payment to secure an attorney's services before work begins
A retainer fee is an advance payment that secures the attorney's services, typically held in a trust account and drawn down as work is completed.
Which fee arrangement is most advantageous for accident victims who cannot afford upfront legal costs?
Answer: Contingency fee
Contingency fees eliminate financial barriers by requiring no upfront payment — the attorney is only compensated from a successful recovery.
Are contingency fee percentages negotiable in personal injury cases?
Answer: Yes, the percentage is often open to discussion based on case complexity and risk
While standard percentages exist, contingency fees are often negotiable depending on case complexity, the likelihood of recovery, and the attorney's risk assessment.
What is a 'sliding scale' contingency fee arrangement?
Answer: A fee where the attorney's percentage increases if the case proceeds to trial
A sliding scale contingency fee increases the attorney's percentage if the case requires greater effort, such as going to trial rather than settling early.
What are expert witness fees in an accident case?
Answer: Payments to qualified specialists who provide technical testimony to support your case
Expert witness fees are costs paid to professionals such as medical specialists, engineers, or accident reconstructionists who provide specialized testimony on behalf of your case.
If your accident case is unsuccessful, what typically happens with case expenses under a contingency fee agreement?
Answer: The outcome varies by attorney — some absorb costs, others require client reimbursement
Whether clients owe reimbursement for case expenses after losing depends on the specific fee agreement terms — policies vary widely among attorneys.
What document must an accident lawyer typically provide before beginning work on your case?
Answer: A written fee agreement or engagement letter outlining financial terms
A written fee agreement or engagement letter is required in most states and must clearly outline the fee percentage, cost handling, and other financial obligations.