How Much Will Your Louisiana Personal Injury Settlement Be?

Jan 11, 2023

Personal injury claims. If you get injured at work, you may be afraid of going through the process to get what is rightfully yours. Well, you are not alone. 

In 2021, there were 2.6 million employees in the United States that suffered nonfatal workplace injuries. If you were one of those people, you are likely hoping to get an appropriate personal injury settlement. 

How much should you be expecting? What factors do you need to consider? 

This is your guide. 

Contingency Fee

Before you think about how much you can get from your employer, you need to keep in mind that if you hire legal representation, you are going to have to compensate your lawyer with a contingency fee. 

What is a contingency fee? This is a deal that you make with your lawyer that guarantees them a certain percentage of the settlement that you end up receiving. 

For most lawyers, this fee typically ranges from 33-40% of the settlement. However, the main benefit of this arrangement is that there is a bigger incentive for them to get you a bigger settlement. Along with this, some lawyers may not receive any compensation if they lose the case. 

The Severity of the Injury 

Another thing that you will have to consider is the severity of your injury. This is because if your injury is more serious, it likely kept you out of work for a longer period of time and raised your medical bills. 

These are things that you can fight for in a personal injury settlement. Having unnecessary medical bills can set somebody back a lot financially. On top of this, if your injury is bad enough that you cannot work, then you are losing the opportunity to earn income for your household. 

Sometimes, company insurance policies can help you with this. Other times, it is not going to be enough to cover everything you need, so you may need to take legal action. 

Long-Term Damages 

Finally, if your injury is one that is permanent, it could mean that you are going to have costs from this for the foreseeable future. This could mean more physical therapy, medical treatment, prescription drugs, future lost wages, and more. 

In situations where you may not be able to work again, you have to fight to make sure that you have enough money to take care of everything you need for the rest of your life. If you present a good enough case for this, that is when you are likely to have a higher personal injury settlement

Get Your Personal Injury Settlement 

These are three of the biggest factors when it comes to a potential personal injury settlement. You need to factor in the contingency fee that you will have to pay an attorney, the severity of your injury, and if it will be a permanent issue. 

Do you need representation for your personal injury lawsuit in the New Orleans area? Schedule a free consultation with us today. 

If you or someone you know has been injured, protect your future and your rights

Contact Wright & Gray TODAY for legal guidance

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