Is this a trick of auto accident attorneys?
Tuesday, October 14th, 2008 at
4:36 pm
smartymoneys asked:
He sends you to medical services on a contingency basis. You will pay for these once the settlement is complete. Of course if the settlement is say for $10,000 and first you have to pay the attorney 33% and then pay all the medical services he sent you to…say it is 6K. You would end up with 1K. Is this the way I understand it to work?
He sends you to medical services on a contingency basis. You will pay for these once the settlement is complete. Of course if the settlement is say for $10,000 and first you have to pay the attorney 33% and then pay all the medical services he sent you to…say it is 6K. You would end up with 1K. Is this the way I understand it to work?
Basically yes, that’s it. If you win a case, what you pay a contingency fee attorney will be more than if you’d hired him by the hour. This is because he loses some cases so you’re paying for those too. It’s a very greasy business, but it’s the only way some people could get a lawyer to represent them in the first place. And I have often suspected that by the time you get your money, he’s made more than you have
That’s the deal. If you think it’s a trick, or a rip-off don’t take it. You can always hire an attorney by the hour to represent you.
Yes… thats exactly how it works. But consider this: without the medical services you have no damages and not much compensation. If you want to have a case at all, that’s what you have to do. You want to go to your own Dr? Go ahead. If I’m the Insurance Co Atty, I’ll take you to trial and eat him for lunch. AND I’ll get fees from YOU because you couldnt even prove you were damaged. Besides, your figures are out of whack. A case thats only worth 10k in compensatory damages is going to have way less than 6k as the medical bill. If I get a 6k medical bill in on a client, that means he was actually damaged, so I’m not settling for a meager 10k to begin with or we’re going to try this case and get some insurance co. booty. There is one alternative…. don’t sue.