Morgan and Morgan is one of the largest and most successful personal injury law firms in the United States. Founded in 1988, the firm has grown to become a powerhouse in the industry, representing thousands of clients in a variety of legal matters. With a team of experienced attorneys, Morgan and Morgan is known for its dedication to helping those who have been injured due to negligence or intentional wrongdoing. But how much does Morgan and Morgan take from a settlement?
Understanding Morgan and Morgan
Morgan and Morgan is a “contingency fee” law firm. This means that the firm does not require clients to pay for legal services upfront. Instead, the firm is paid a percentage of the settlement or judgment obtained on behalf of the client. This type of fee structure is common in personal injury cases where the injured party is unable to pay for legal fees out of pocket.
The attorneys at Morgan and Morgan work closely with their clients to ensure that their interests are represented in any settlement or judgment. This includes negotiating with insurers and other parties to ensure that the client is compensated fairly. The firm also provides free consultations to prospective clients, giving them an opportunity to discuss their case and determine if Morgan and Morgan is the right fit for them.
How Much Does Morgan and Morgan Take?
Morgan and Morgan typically takes a 33.3% fee for settlements and judgments obtained on behalf of clients. This fee is taken out of the total amount of the settlement or judgment before the client receives their money. The firm also requires clients to pay a case filing fee, which is typically between $500 and $1,000. Additionally, the firm may also charge for expenses such as expert witness fees, court costs, and other costs associated with the case.
It is important to note that the amount of the fee taken by Morgan and Morgan depends on the specifics of the case. The firm may take a lower percentage if the case is settled out of court or if the case is particularly complex. Clients should discuss the fee structure with their attorney before signing any documents.
Morgan and Morgan is dedicated to helping its clients achieve the best possible outcome in their cases. The firm’s contingency fee structure means that clients do not have to worry about upfront legal costs and can focus on getting the compensation they deserve. The firm typically takes a 33.3% fee for settlements and judgments, but this amount may vary depending on the specifics of the case. Clients should discuss the fee structure with their attorney before signing any documents.