2007-08-03 12:13:31 · 7 answers · asked by Anonymous in Business & Finance ➔ Insurance
The maximum rate is defined by the state where the suit is filed. In Florida, it's 40% assuming the lawyer is working on a contingency (getting paid out of whatever is recovered and gets nothing if you lose.) Many times that is after costs, so if costs are $1,000 you would take 8,000 - 1000 (costs) = 7000 X .40 = 2800 and you would get the rest $4,200
2007-08-03 14:35:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
My experience is that attorneys charge on a contingency. Once a settlement is made, they get one-third plus any fees they incurred during the course of the process. These are legitimized fees in writing such as depositions, records, subpeonas, etc. So doing the math, the awardee would walk away with two-thirds of $8,000 less any fees the attorney incurred handling the paperwork from the beginning of the case during the trial up to settlement.
2007-08-03 17:36:03 · answer #2 · answered by PLzHeLPMe 3 · 0⤊ 0⤋
It depends on the contract you signed with the lawyer. If no law suit was involved, the fee could be 33% plus expenses. If a law suit was filed, then the fee could be 50% plus expenses. Your best bet is to read the retainer contract you signed.
2007-08-03 14:19:00 · answer #3 · answered by Boots 7 · 0⤊ 0⤋
Depends on the type of pre-determined fees. Usually between 20% and 40%, but it could be a flat $2,000. Hard to tell.
2007-08-03 12:19:08 · answer #4 · answered by Anonymous 7 · 1⤊ 0⤋
25% - 30% , try to negotiate 25% (fair figure)
2007-08-03 14:02:17 · answer #5 · answered by Insurance 3 · 0⤊ 0⤋
Whatever fee you agreed to pay.
2007-08-03 13:01:00 · answer #6 · answered by Dion J 7 · 1⤊ 0⤋
33.33% is the normal rate
2007-08-03 12:20:49 · answer #7 · answered by ILoveBeingAMom 3 · 1⤊ 0⤋