What can a class-action lawsuit attorney fees really help you with? Well, let’s start by looking at the definition of class action. According to Merriam Webster’s dictionary, a class action is “a body of persons having similar interests or disabilities; an association.” Now, depending on your state’s laws, your state’s class action lawsuit laws could be different, so it’s important to understand these laws before moving forward with your lawsuit.
Class Action Lawsuit Attorney Fees
If you’re going to pursue a lawsuit on behalf of other individuals similarly situated, class action lawsuit attorney fees can make the difference between success and failure. Attorneys generally charge anywhere from one quarter to half of the overall settlement amount for their services. These fees are contingent upon the complexity and scope of the case, so it’s important to ensure that you understand the charges for your particular case. The more complex your case, the more complex the fees will be.
Class action lawsuit attorneys are responsible for collecting a portion of any money received as a result of a class action lawsuit.
This portion is referred to as contingent fees. If the case is lost, the contingent fee is not retained. However, if the case wins, the contingent fee is retained for the amount won plus interest.
To understand how class action lawsuit attorney fees can affect your bottom line, it’s necessary to know what happens once you’ve been selected as a plaintiff in a class action lawsuit. The plaintiff is provided with a lawsuit notice that explains the case and provides contact information for the attorneys. Once this paperwork is received, you’re assigned an attorney. Your attorney will file all the necessary paperwork with the court, and you’ll be appointed a court-appointed counsel to represent you in your lawsuit. (There are no such things as “no win no fee” judgments.)
The initial fees that you’re assessed will be part of your court-appointed counsel’s retainer.
Your remaining fees are expected to cover the costs of dealing with the other party (i.e., the company or individual who is sued), the costs of trial and all other expenses (such as transportation, lodging and meals) associated with the case. Typically, lawyers agree to handle a percentage of their client’s fees in return for an agreement to resolve the case quickly. If you have a particularly tough case, your lawyer may request extra funds to adequately pursue it. In this situation, your lawyer may request that you repay him or her up front in order to assure that your case will be resolved promptly.
As you can see, there are many variables involved in determining the class action lawsuit attorney fees you’ll be required to pay. You may be able to reduce these fees by negotiating a settlement before the case is filed. If you have a particularly tough case, your lawyer may request additional funds from you to adequately fight it. If you’re unsure whether you’ll be able to avoid these fees, you should consult with a qualified litigation lawyer to discuss the details.
