how much does morgan and morgan take from a settlement

3 min read 16-01-2025

how much does morgan and morgan take from a settlement

Morgan & Morgan is one of the largest personal injury law firms in the United States. They handle a wide range of cases, from car accidents to medical malpractice. But a common question potential clients have is: How much does Morgan & Morgan take from a settlement? This article will clarify their fee structure and what you can expect.

Morgan & Morgan's Contingency Fee Structure

Morgan & Morgan operates on a contingency fee basis. This means they don't get paid unless you win your case. If your case is unsuccessful, you owe them nothing for their services. This is a significant advantage for many clients who wouldn't otherwise be able to afford legal representation.

What is a Contingency Fee?

A contingency fee is a percentage of the total settlement or judgment awarded to you. This percentage is agreed upon upfront and detailed in your contract with the firm. It’s crucial to understand this agreement before proceeding.

How Much Do They Typically Take?

The percentage Morgan & Morgan takes varies depending on several factors, including:

The complexity of the case: More complex cases often result in a higher percentage fee. This is because they require more time, resources, and expertise.
The stage at which the case settles: Cases settled early might have a slightly lower percentage than those that go to trial.
Jurisdictional factors: State laws can influence contingency fee percentages.
Specific details of your case: The unique circumstances of your case play a role in determining the final fee.

While a precise percentage can't be stated without reviewing your specific contract, it is generally accepted that personal injury contingency fees range from 30% to 40%. This means that if your settlement is $100,000, you might expect Morgan & Morgan's fee to be somewhere between $30,000 and $40,000.

Costs and Expenses

In addition to the contingency fee, you'll usually be responsible for reimbursing Morgan & Morgan for expenses incurred during the case. These can include:

Filing fees: Court costs and administrative fees associated with filing your case.
Expert witness fees: Costs associated with expert testimony needed to support your claim.
Investigative costs: Expenses related to investigations and evidence gathering.
Medical records costs: The costs of obtaining your medical records.

These expenses are usually deducted from your settlement before the contingency fee is calculated. Therefore, it is vital to understand these costs upfront.

Transparency and Communication

A reputable law firm, like Morgan & Morgan, should clearly communicate their fee structure and expected costs at the outset of your case. Don’t hesitate to ask questions and ensure you understand the agreement before signing any contract. Request a detailed breakdown of the anticipated expenses.

Alternatives to Morgan & Morgan

While Morgan & Morgan is a large and well-known firm, it’s crucial to explore all your options. You could consider:

Smaller local firms: Often, smaller firms offer a more personalized approach.
Solo practitioners: These attorneys might have lower overhead costs.
Free consultations: Many firms offer free initial consultations, allowing you to compare their services and fees.

Ultimately, choosing the right personal injury lawyer is a significant decision that will impact the outcome of your case. Thorough research and careful consideration are essential.

Frequently Asked Questions (FAQs)

Q: Does Morgan & Morgan take a percentage of my settlement before or after expenses?

A: Expenses are typically deducted from your total settlement before the contingency fee is calculated.

Q: What happens if my case is unsuccessful?

A: With a contingency fee arrangement, you owe Morgan & Morgan nothing if your case is unsuccessful.

Q: Can I negotiate the contingency fee?

A: While the standard fee range is generally accepted, it's always advisable to discuss the fee arrangement with the firm and understand the rationale behind their proposed percentage.

Remember to always seek professional legal counsel for your specific situation. The information provided here is for educational purposes only and does not constitute legal advice.