Financial Costs Associated with Taking a Personal Injury Case to Trial
Taking a personal injury case to trial can be daunting and costly for an injured party. My personal injury law firm, Stein Whatley Astorino, PLLC, advances the costs associated with pursuing injury claims for our clients. However, we ultimately receive reimbursement for these costs if we are able to recover for our clients. This approach allows injured parties access to the best injury lawyers in Louisville, KY, and the surrounding areas of Kentucky and Indiana.
Seeking justice and compensation for injuries sustained due to another’s negligence has financial considerations. This article delves into the various financial costs that an injured party may encounter when deciding to take their personal injury case to trial.
Legal Fees
One of the most significant costs is the legal fee. Personal injury attorneys typically work on a contingency fee basis and receive a percentage of the settlement or judgment achieved for the client. The percentage can range from 33 1/3% to 40%, depending on the case complexity and the stage at which the case has a resolution. Attorneys may charge a higher percentage due to the increased time, effort, and resources required to file suits, litigate, and take injury cases to trial.
Court Costs
Court costs can accumulate quickly and become substantial. These costs include filing fees, which can be hundreds of dollars depending on the jurisdiction and the complexity of the case. Other court-related expenses include fees for serving subpoenas and obtaining court transcripts and videos.
Expert Witness Fees
Expert witnesses play a critical role in personal injury trials Experts provide specialized knowledge that can substantiate the injured party’s claims. Experts can make certain opinions based on their education and experience that can be introduced in the trial that lay persons cannot make at trial. However, hiring experts can be expensive. Medical experts, for instance, charge significant fees for reviewing medical records, preparing reports, and appearing in court. Most doctors in Kentucky and Southern Indiana charge at least $1,500.00 for two hours of testimony. A doctor may charge tens of thousands of dollars just for a review of records depending on the volume of records that need to be reviewed.
Other types of expert witnesses, such as accident reconstruction specialists or economists, can also demand high fees for their services. Accident reconstruction experts charge between $5,000.00 – $10,000.00 depending on the scope of their engagement. They also receive payment for their time for depositions and live testimony. These costs can easily run into tens of thousands of dollars.
Medical Record Fees
Obtaining medical records is essential for building a personal injury case. These records provide evidence as to the injuries sustained by the plaintiff and the necessary treatments participated in during their recovery. Experts rely on these documents in formulating opinions. However, medical providers often charge fees for copying, shipping, and handling when releasing these records. These costs can add up even though they may seem nominal compared to other expenses we discussed. In one case where an injured client had spent many weeks in a hospital, our law firm spent over $1,200.00 in copy charges.
Discovery Costs
The discovery phase of personal injury litigation involves gathering evidence from the opposing party. This process can include depositions, interrogatories, and requests for documents. Each of these actions incurs costs. Depositions, for example, require court reporters to transcribe the proceedings. Court reporters have certain minimum charges for appearance fees, as well as charges for their time and charges based on the number of pages produced during the deposition.
Travel Expenses
Travel expenses can become significant if the injured party needs to travel to attend court hearings, meet with experts, or meet with their attorney. These expenses may include transportation costs, accommodation, and meals. These costs can become substantial over time for those living far from the courthouse.
Conclusion
The financial costs associated with taking a personal injury case to trial can be substantial. At Stein Whatley Astorino, PLLC, our dedicated personal injury lawyers know the importance of judicially managing litigation costs for our clients.
Individuals must carefully weigh the potential costs and benefits of going to trial. This is a decision that should not be made lightly. Consulting with our experienced personal injury attorneys can provide valuable guidance.
Call us at 502.553.4750 to discuss your options. Initial case evaluations are free and confidential. You can also request that one of our experienced personal injury lawyers call you by visiting our contact page.
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