You hire a lawyer and she takes all your money. You hire a personal injury lawyer and he takes all your settlement money. That’s how it works, right? You fight in court and only lawyers get paid? Well, myths abound about lawyers, but perhaps some of it is merited. Just like any other profession, lawyers are looking at their bottom line. That does not mean you should forgo a lawyer. How much does a lawyer get of your settlement? Can you ever go without a lawyer? How does a lawyer help? These questions are important. Let’s answer them.
The first thing you need to do is determine what type of lawyer you need based on your legal issue. The categories of lawyers are varied but include civil law, family law, criminal law and taxation law.
You also want a creative financial management. Being creative means thinking outside the box and going beyond the norms to produce amazing, unexpected results. A creative lawyer is full of ideas (conventional or not). You will never reach a dead end with a creative lawyer. At least you’ll know that your lawyer will be able to defend your case whatever the circumstance.
An experienced personal injury lawyer protects your rights in and out of court. Since most cases are settled far before court, you may think you can forgo a lawyer and just take a cash settlement. True, you might avoid paying a lawyer fee, but you rarely will get the full amount you might have gotten. And that’s saying that the offer is even made without a lawyer. They may take you to court instead. In that case, a lawyer is essential.
It is important for everyone to have correct technique of money management. It is particularly important during this economic crisis period. Without proper money management guidelines, you can hardly control your expenses over your income. You will have difficult time to figure out where does your money actually went. The consequences of poor financial management are negative net worth, stuck in bad debt and always worry about money.
BIGGER IS BETTER HYPE When it comes to law firms, bigger is not necessarily better, much less the best. If you want personal attention, you may find that a medium sized or smaller firm will be more attentive. Law firms that have group photographs with all of the clerks and secretaries are trying to look bigger to compete with mega firms with dozens or hundreds of lawyers. But in the final analysis size does not matter; bigger is not better than smaller, nor is smaller better than bigger. What does matter is personal care and attention. This is something that you will have to ask about and be sensitive to as you call on various lawyers and law firms in your search for the right lawyer and law firm for you and for your case.
Think bottom line. Lawyers cost money but I submit this should not be your first thought. What you should be thinking about is whether by spending say $1,000 your lawyer can help you generate $2,000. If so, the lawyer is not a cost. He (she) is a co-generator of a rate of return of 100%. If you think about it that way and your lawyer delivers, the cost will not be so bad to digest.