Can Contingency Fees of Injury Lawyer In Sault Ste. Marie Affect Settlement Payout?
Payment of the fees for the Injury Lawyer in Sault Ste. Marie can be on hourly basis, at a flat Arte or in contingency fee basis, as it is common for most of the personal injury cases. There is no retainer payment, no out of pocket expense as you have to pay it altogether at the time when you receive the settlement amount. The percentage of payment, which is 33% for any normal case, can go up to 40% if the case is appealed. Whatever be the percentage, it should all be written clearly in the agreement. This percentage payment does not include the out of pocket expenses that your lawyer may have made.
Read The Agreement
It is legally binding for the lawyer to clearly mention hoe the fee and payment is structured and you should be bound to pay it to the last penny once you sign the agreement. Therefore,it is wise to spend some time over the agreement and read it thoroughly and ask your attorney any point which may appear to be deceptive. It is best to take it home and go through it carefully overnight, talk to others, take second opinion and then make an educated and well informed decision. Take note of all the convoluted terms and ask the Injury Lawyer in Sault Ste. Marie the next day for clarification.
Cost And Expenses
Cost and expenses are met by the Injury Lawyer in Sault Ste. Marie during the entire case which is paid from their pocket and is charged when you receive the final settlement amount. Such costs often include all office expenses including copying, faxing, postage and stamping and much more. It also includes deposition expenses, expert witness cost, cost for photography, both still and video, expenses to get medical reports, investigation and police report expense and several others which may even come up to an hefty amount. Such costs are first deducted from the settlement amount before the fee is charged. After all such deductions, you are paid the balance amount as your settlement claim.
The Medical Liens
Paying all the medical liens is also the responsibility of the Injury Lawyer in Sault Ste. Marie. Such payments are promised to the providers after you receive the settlement amount through a letter of protection by your lawyer. Such letter of protection acts as a binding contract between you, the medical providers with the lawyer there for arbitration. Any breach from your part would result a lawsuit from the medical provider or providers along with a disciplinary action for the state bar council.
Understand The Fine Print
You must finally understand the fine print and read between the lines of the contract drafted by the attorney to be clear about the fee agreements. Take care and ask question about the cost clause, medical lien clause and the net amount you would receive. Ask about the things that are included in the clause and the things which are excluded and take proper note to avoid unnecessary surprise in the end. Remember, the attorney have worked on your behalf just with the hope that you would pay it all when you receive the payment. To read more Click Here