05-21-2019, 09:55 PM
Very hard to find information online regarding this.
I'm close to settling and am wondering how my attorney will be compensated in my case. I understand that in scheduled loss, and Section 32 situations...the attorney generally gets between 10% and 15% of the lump sum.
I've only been able to find one article online that describes how much an attorney would charge in a non-scheduled loss case. It states the following...
"If a case closes with a settlement to pay you weekly checks at a fixed rate for a fixed time frame, called a class fee, the fee will usually be 10 times the class rate. For example, a judge determines you are entitled to $500 per week for 300 weeks. The fee will usually be a flat $5000."
I was wondering if anyone here who has been through this type of settlement might chime in and let me know if the above statement sounds accurate.
I'm close to settling and am wondering how my attorney will be compensated in my case. I understand that in scheduled loss, and Section 32 situations...the attorney generally gets between 10% and 15% of the lump sum.
I've only been able to find one article online that describes how much an attorney would charge in a non-scheduled loss case. It states the following...
"If a case closes with a settlement to pay you weekly checks at a fixed rate for a fixed time frame, called a class fee, the fee will usually be 10 times the class rate. For example, a judge determines you are entitled to $500 per week for 300 weeks. The fee will usually be a flat $5000."
I was wondering if anyone here who has been through this type of settlement might chime in and let me know if the above statement sounds accurate.