Q: What is the standard percentage of a settlement for attorney's fee?
A:
A Colorado attorney could advise best, but your question remains open for two weeks. As a GENERAL practice across the nation, most personal injury law firms handle cases on a contingency basis where their legal fee is generally one-third. Under such arrangement, the attorney fee is owed only upon a successful award through jury verdict or settlement, and no attorney fee is owed upon an unsuccessful outcome for a case. One-third is a GENERAL percentage charged by most law firms. However, some law firms could have their own specific arrangements and some could charge more under certain circumstances. If you are retaining an attorney for a case, be clear on the exact terms. What I've outlined here is a GENERAL practice. But what governs your actual fee will be your individual agreement with the firm. This should be spelled out in writing on the law firm's retainer form. Good luck
Tim Akpinar
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
