am on work comp,and the question is:the client agrees to pay the attorney for legal services a contingency of 25% of gross amount recovered in the case.the fee will not be assessed on any portion of the claim involving a voluntary aggreement of payment by employer or insurance carrier as of the date of this agreement.what does this mean?
2006-07-10 01:24:35 · 4 answers · asked by you wish123 1 in Business & Finance ➔ Other - Business & Finance
Your attorney will be paid a fee of 25% of what they win for you. Anything that you have already been paid before the attorney began representing you will not be subject to this fee.
2006-07-10 01:29:33 · answer #1 · answered by davis0375 3 · 0⤊ 0⤋
The first part of the clause, the contingency fee, means that the lawyer will get 25% of whatever you get, which means if you get $100,000 then you will actually get $75,000 and the lawyer will get $25,000, but if you lose your case, you get nothing, and the lawyer gets nothing. The second part means if anyone has agreed to pay you anything already, then the lawyer will not touch that, and the only amount he will get his fee from is the amount you receive due to his work on the case after the agreement has been signed.
2006-07-10 01:32:14 · answer #2 · answered by RTFM 2 · 0⤊ 0⤋
The way I see it is - if the attorney works to get an award of money for you he will be paid 25% of the gross amount of the money awarded.
2006-07-10 01:30:26 · answer #3 · answered by Maria b 6 · 0⤊ 0⤋
To the contrary not withstanding
2006-07-10 01:29:58 · answer #4 · answered by Anonymous · 0⤊ 0⤋