Some lawyers work off of the gross, some the net. In NY we generally work off of the net. Ask your lawyers assistant for all supporting and closing documents. Meet with your attorney. Good luck.
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40% of the total settlement is typical for an attorneys fee on a case in litigation. After that is deducted than the negotiated medical bill are paid and you're left with the rest. Depending on the circumstances your attorneys fee may be more than your amount. I would discuss this with your lawyer as they are in a unique position because they know all the facts. Hopefully you were at least happy with the settlement. Have another lawyer review closing docs before you sign if you're not satisfied.
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It depends on contract, however, most contracts on Florida state that 40% off gross.
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I defer entirely to the Florida attorneys who have addressed your concerns regarding calculation of the legal fee because attorney regulations are handled state-by-state. However, if you have misplaced your fee agreement you are certainly entitled to a copy at this point. There should also be a settlement breakdown or disbursement sheet itemizing where the settlement funds are going. Here is an article on the subject: [Blue Link Below]
Law Offices of Andrew D. Myers, North Andover, MA & Derry, NH provide answers for informational purposes only. Actual legal advice can only be given by an attorney licensed in your jurisdiction, thoroughly familiar with the area of the law in which your concern lies. This creates no attorney-client relationship.
The standard contract language allows the lawyer to charge 40% of the gross recovery if a lawsuit was filed, and 33.33% of the gross recovery if the case was settled without filing a lawsuit. You should speak with your lawyer, and depending on the circumstances of your case, he may agree to reduce his fee.
40% off the top is typical. Usually out-of-pocket expenses then get deducted. Then, any medical bills you are obligated to pay get paid and deducted (these are often reduced by the medical providers).
I do not know anyone that charges a percentage fee on the net, but I suppose your contract might state that. Ask for a copy of it from your lawyer.
The bar rules require a "Closing Statement," be given to you detailing the recovery and all disbursals. No disbursals are allowed until you and your lawyer sign it.
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