Morgan & Morgan is a prominent personal injury law firm in the United States, widely recognized for its advertisements and extensive network of offices. If you have engaged Morgan & Morgan to represent you in a personal injury case, you might be wondering how much the firm will take from your settlement. In this article, we will examine the general fee structure of Morgan & Morgan and what you can expect in terms of costs and expenses.
Contingency Fee Structure:
Like most personal injury law firms, Morgan & Morgan typically works on a contingency fee basis. This means that the firm’s fees are contingent on them successfully recovering compensation for you. If they don’t win your case, you don’t pay any attorney’s fees.
Percentage of Settlement:
Contingency fees are usually calculated as a percentage of the total amount recovered in the settlement or judgment. As of my last knowledge update in September 2021, the standard range for contingency fees is generally between 33% and 40% of the recovery. However, it’s important to remember that this percentage may vary depending on factors like the complexity of the case, the phase at which the case is resolved, and the specific agreement between you and the firm. It’s also worth noting that contingency fees might have changed since my last knowledge update, so you should confirm the current rates with the firm.
In addition to the contingency fee, clients might also be responsible for reimbursing the law firm for any case-related expenses. These can include filing fees, costs of obtaining medical records, expert witness fees, and other expenses incurred in preparing and litigating the case. Some firms will deduct these costs from the settlement in addition to the contingency fee, while others might handle expenses differently.
It’s important to recognize that the fee structure can sometimes be negotiable. Before you sign a representation agreement with Morgan & Morgan or any other law firm, it is a good idea to discuss the fee structure and determine whether there is any room for negotiation.
While Morgan & Morgan generally works on a contingency fee basis, the exact percentage they take from a settlement can vary. Moreover, you might also be responsible for reimbursing the firm for case-related expenses. Therefore, it’s important to have a clear understanding of the fee structure and discuss any concerns or questions with the firm before moving forward. By staying informed and actively engaging in the discussion about fees, you can ensure a more transparent and satisfactory legal representation experience.