Are you thinking about pursuing a career in law? Or are you confused about hiring a personal injury lawyer but can’t figure out the financials of the same? Whatever you might be your reason, your top legal query of the day is how much a personal injury lawyer makes. And we are here to answer your query!

But before that, it’s best we find out a little more information about a personal injury lawyer’s job role. Even if you want to pursue this career, let money not be the only motivation. Similarly, if you are worrying about whether you can afford such a lawyer, then it’s best you find out more details about the same.

Keep reading to find out more on this.

What Is A Personal Injury Lawyer?

Are you wondering what is a personal injury lawyer? Simply put, personal injury lawyers are attorneys who specialize in providing solid legal representation to individuals injured due to some kind of negligence or even a type of deliberate intent of some third party.

These attorneys basically help clients reach a financial settlement or recover compensation for injuries or anguish suffered. So, naturally, your next question is how much a personal injury lawyer makes per case, but you need to be patient because compensation might vary depending on the type of the case.

So without wasting any further time, scroll down and check out the type of personal injury cases handled by these attorneys and the types of compensations you can receive.

Types Of Cases Handled By Personal Injury Attorneys:

types of cases handled by personal injury attorneys

Personal injury lawyers handle the following types of cases,

  1. Aviation accidents,
  2. Boating accidents,
  3. Burn injuries,
  4. Defective products
  5. Transportation accidents,
  6. Automotive accidents,
  7. Pedestrian accidents,
  8. Insurance claims,
  9. Medical malpractice
  10. Construction accidents,
  11. Wrongful death, and
  12. Similar injury cases.

Types Of Compensation Received By Personal Injury Lawyers:

Personal Injury cases usually have the following type of settlements or compensation,

  1. Emotional distress,
  2. Mental anguish
  3. Income loss,
  4. Clinical expenses,
  5. Potential or future revenue loss,
  6. Compensation for gain or loss,
  7. Similar losses

Why Hiring A Personal Injury Lawyer Is A Great Idea?

why hiring a personal injury lawyer is a great idea

Irrespective of finding out how much money a personal injury lawyer makes, it is vital to also know how can a personal injury lawyer help you. Yes, his job role comprises the functions mentioned below, but what are the benefits of hiring such a lawyer in the first place?

Functions Of A Personal Injury Lawyer:

Let’s check out what a personal injury lawyer does before finding out the benefits of the same.

  1. Investigation of all claims made by all involved parties,
  2. Gathering all concerning evidence for supporting claims made by victims,
  3. Negotiations with all parties, inclusive of insurance companies,
  4. Preparation of pleadings and conducting discoveries,
  5. Assessing damages, and
  6. Providing legal representation.

Benefits Of Hiring A Personal Injury Attorney:

Now let’s find out the basic benefits of hiring a personal injury lawyer!

  1. These attorneys are objective and also happen to be professional. This naturally can only mean one thing: good news for you!
  1. One of the biggest requirements of such a lawyer is the ability to negotiate, and these lawyers can negotiate better than perhaps everyone.
  1. These attorneys can also help the victim to get the medical care and attention they deserve. Unfortunately, not always do insurance companies will pay you the compensation you deserve. Moreover, sometimes, negotiations can also get out of hand.
  1. One of the best things about hiring a personal injury lawyer is how well these attorneys can help you make decisions that are practical in their own way.
  1. The best thing about having a personal injury attorney is how fast you can actually get the compensation you deserve. What’s the point of receiving compensation five years after the injury when your attorney can help you with more.

How Much Does A Personal Injury Lawyer Make?

how much a personal injury lawyer make

Now that you have all the required information about hiring a personal injury lawyer let’s check out how much a personal injury lawyer makes a year. Personal injury lawyers get paid on a contingency basis mostly. According to most industry standards, personal injury attorneys charge 33% of the settlement reached, on average.

However, if your case goes into the trial, then you have to understand that there will be additional expenses for the same. Simply put, your personal injury lawyer will only get paid if there is a successful settlement reached or compensation recovered. That does sound pretty ethical, doesn’t it?

You are wondering why? This is because such a policy usually reduces the risk of suffering from extra financial loss for the victim. Losing on the settlement wasn’t enough on top of the personal injuries suffered that the victim would have to also pay fees for the attorney! Thus, contingency basis payment makes the situation a win-win for the victim.

Frequently Asked Questions (FAQs)

1.  How Much Of A Personal Injury Settlement Does Lawyer Make?

Ans: Personal injury lawyers usually work on a contingency basis. By industry standards, they charge 33% of the compensation recovered, on average. This is done to reduce financial risk on the part of victims.

2. What Kind Of Lawyer Makes The Most Money?

Ans: The types of lawyers that make the most amount of money are as follows,
i. Tax attorney: 122,000 dollars,
ii. Corporate lawyer: 118,000 dollars,
iii. Employment lawyers: 88,000 dollars,
iv. Real estate lawyer: 87,000 dollars, and
v. Divorce attorney: 86,000 dollars.

3. Who Is The Highest-Paid Lawyer In America?

Ans: The highest-paid lawyers in America are as follows,
i. Richard Scruggs,
ii. Joe Jamail Jr,
iii. Willie Gary,
iv. Roy Black, and
v. Robert Shapiro.

Now that you have a fair idea of how much a personal injury lawyer makes, you can consider whether pursuing this career would be a good choice or even whether you should hire such an attorney or not. Personal injury cases are always a matter of controversy that needs to be sorted.

Whatever you decide to do, don’t forget to let us know in the comments section your thoughts on the same.

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