How Much Does a Long-Term Disability Lawyer Cost?March 07, 2022
If you’ve been injured in an accident that may result in long-term disability, you may be wondering: how much does a long-term disability lawyer cost? If you’re worried about the expense of hiring a lawyer, finding out about the fee structure and payment process can go a long way in helping you plan for your future.
The benefits of long-term disability far outweigh the costs associated with hiring a long-term disability lawyer so you can make the best choice for your situation.
Common Fee Structures for Long-Term Disability Lawyer Cost
Most people can’t afford to pay a lawyer on an hourly or flat fee basis. This is why long-term disability lawyers typically operate under a contingency fee structure, where you will owe them nothing unless they win your case.
These fees usually range between 25% and 40% of the total amount you are awarded. This fee structure makes it possible for disabled parties to receive good legal assistance without having to financially overburden themselves by paying for it upfront.
Payment Processes for Long-Term Disability Lawyers
So how do disability lawyers get paid? Depending on whether you receive a lump sum or monthly payments for your settlement, the payment process will be different.
- If you receive a lump sum settlement from an insurance company, your lawyer will take out the percentage of the settlement you agreed to in your contingency fee agreement.
- If the insurer has been asked or ordered to pay your benefits on a monthly basis, your lawyer will typically collect a percentage of your past-due benefits.
Understanding Expense Agreements
In addition to the fee percentage you’ve agreed on, in most cases, you’ll also have to repay your lawyer for any costs incurred during your case. These costs typically include medical records costs, postage, filing fees, and travel expenses.
Prior to hiring a lawyer, make sure you have a good understanding of the expenses you’ll incur and whether you’ll have to pay for them if you lose your case. Also, make sure your lawyer provides you with an itemized list of charges when you’re billed. If any costs seem unrelated to your case, discuss them with your lawyer.
Reasons to Hire a Long-Term Disability Lawyer
Long-term disability lawyers know how to best utilize evidence to support your case. They can also take a lot of stress off of your plate by meeting deadlines, negotiating with insurers, and filing lawsuits against insurers when needed. Insurance companies are always backed by experienced legal teams and will often be skilled at denying claims from unrepresented parties.
If you’ve become disabled in an accident, it’s worth it to contact a long-term disability lawyer for a free consultation. You’ll learn more about your rights and find out exactly how much it will cost to get proper representation.
To better understand your rights, book a free consultation with a long-term disability lawyer.
Updated content: Originally published Oct. 7, 2016
Disclaimer: The content of this article is a general guideline made available for educational purposes only and is not intended to be used as legal advice for the reader's specific situation nor in general. By reading our blog and website content, the reader acknowledges the above and understands there is no lawyer-client relationship created between you and Himelfarb Proszanski through this content. To get specific legal advice, we encourage you to book a free consultation with one of our lawyers to clarify the legal aspects of your situation.