He wants 25% of everything I recover. Part of my recovery will be for medical claims my health insurance company is paying until I settle, then they want their money back. That is money I will not receive, yet I have to pay attorney 25% of that? I may end up having to get a loan to pay attorney fees and get nothing or little for my expenses and suffering. Can someone explain how this works?
2007-02-01 07:00:31 · 8 answers · asked by youraunty 2 in Politics & Government ➔ Law & Ethics
it sounds like your insurance company is putting a lien on your recovery? sometimes these liens can be negotiated downward but did you ask your lawyer to explain this?
2007-02-01 09:35:16 · answer #1 · answered by njyogibear 7 · 0⤊ 0⤋
Usually, lawyers charge their percentage on the after expenses of the clients case. The medical bills should be deducted first and 25% would be paid on the balance to the lawyer.
2007-02-01 07:08:18 · answer #2 · answered by whatevit 5 · 0⤊ 0⤋
25% is low. Contingency fees usually are about 33%. If you signed a contingency fee agreement (not required in all states), it must list in detail how fees are calculated.
Typically expenses are not considered part of your recovery amount.
For example, you settle you case for $100,000 and your medicals are $50,000 and your other expenses (i.e. filing fees) amount to $25,000. Your attorney would be entitled to 25% of the balance of your settlement, in this case 25% of $25,000.
2007-02-01 09:30:22 · answer #3 · answered by Peter 3 · 0⤊ 1⤋
25% isn't too bad; the attorney i work for takes a third before trial and 40% if he has to file suit...basically, your insurance is a lien which your attorney will probably ask you to escrow to fund your case costs...when you settle with the [adverse driver's] insurance company, he will negotiate the lien with your own commpany and get them to take less than they gave you. if you settle for $25,000 but had $1000 in med pay coverage (as we call in in VT), he'll take $6250 off the top, you'll get $18750 back, minus his office costs and your lien amount, which you;ll pay back like half of...you won't go into debt for it
2007-02-01 07:07:06 · answer #4 · answered by izaboe 5 · 1⤊ 0⤋
Most of them want 33% and he probably doesnt get anything if you lose. This is why he is taking your case you will get something. Your health insurance company should get paid back.
2007-02-01 07:09:21 · answer #5 · answered by Anonymous · 0⤊ 0⤋
He only gets 25% of the settlement you get from the other person insurance company...not your insurance company...
2007-02-01 07:04:24 · answer #6 · answered by Anonymous · 1⤊ 0⤋
feels like a typical decrease than respected plaintiff's criminal expert - refer the shopper to a chiro, who will in turn refer you to a neuro. Your criminal expert is probable making the most of those referrals. little question the chiro and neuro are in all threat in the same development as your criminal expert. except your criminal expert had a medical degree, how does she be conscious of what's medically authentic for you? feels like she needs you to inflate your medicals for a doubtlessly bigger contract. I advise which you proceed with the PT. maximum adjusters who see criminal expert referred chiro treatment will locate those claims borderline fraudulent.
2016-10-16 10:14:17 · answer #7 · answered by ? 4 · 0⤊ 0⤋
That is sound very good to me. I don't know much about it, but I know I have to paid 30% before.
2007-02-01 07:10:42 · answer #8 · answered by Anonymous · 0⤊ 0⤋