Q: My wife was in accident not her fault & settlement is 25k 8,333 att fee 521 cost 5,223. Med Net 10,900
Is this normal?
A: Without many facts—that is a very typical breakdown of a settlement disbursement in Florida for a car wreck case.
Charles M. Baron agrees with this answer
A: I think you're asking if the disbursement amounts are normal, rather than asking if the gross settlement amount of $25K is normal. Either way, a lawyer would have to review the matter to tell you if the dollar amounts are as they should be. Regarding disbursements, GENERALLY: (A) the attorney's fee is one-third of the gross recovery if the matter is not litigated (not put into court) (and fee higher if litigated); the fee is specified in the written retainer agreement ; (B) the attorney is then reimbursed for all cost expenditures, such as for investigation, records, postage and delivery services; (C) any outstanding medical bills are then paid (and those bills are often negotiable, so are often reduced from their original amounts). What remains after than is the client's net recovery. The attorney should provide an itemized closing statement setting forth each cost category and each medical bill. In my firm, we also show on the closing statement the medical bill amounts before and after negotiation, though that is not required to be shown.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
