A tool designed to estimate the costs associated with legal representation following an accident or similar incident typically considers factors such as the lawyer’s contingency fee percentage (often a fraction of the settlement or verdict), case-related expenses (court fees, expert witness fees, etc.), and sometimes factors like the case complexity and estimated recovery amount. For example, a tool might illustrate the net payout to a client after a 33% contingency fee is applied to a hypothetical $100,000 settlement, further deducting estimated expenses.
Access to such resources empowers individuals pursuing legal action to better understand the potential financial implications. This transparency can facilitate informed decision-making regarding legal representation and settlement negotiations. Historically, understanding fee structures has been a challenge for those unfamiliar with the legal system. These tools address that challenge by providing straightforward estimations, thereby increasing accessibility to justice and enabling more effective cost-benefit analysis.