Fees are one of the most important considerations when it comes to hiring a workers compensation lawyer.
Most common forms of contingent fee agreements give a Workers Comp Attorney Tulsa a specified percentage of any recovery, whether by settlement or judgment after trial. However, some states may allow the lawyer to charge a “reverse contingent fee” based on the amount of money the lawyer’s services saved the client, as long as the fee is a reasonable percentage and as long as calculation of the benefit to the client is not based on inflated figures. In a workers’ compensation arena, such an ar¬rangement may occur when an applicant has been paid for a period of temporary total disability or a percentage of permanent partial disability and the insurance carrier later determines, based on an independent medi¬cal examination, that the injury is either not work-related or that the heal¬ing plateau occurred much earlier, resulting in an alleged overpayment.
The fee agreement must specify whether expenses are to be de¬ducted before or after the fee is computed. for a fee contract in which an aged, severely injured client promised to pay her lawyers half the “amounts paid to me in a judgment or settlement” required lawyers to deduct a client’s large medical expenses (paid by opponent’s insurer) in addition to litiga¬tion expenses, before calculating their 50-percent contingency fee.) The costs for medical reports and records, depositions, experts and witness fees should be part of the contingent fee agreement and discussed at the time of hiring.
The fee agreement should also address the possibility of a structured settlement and the logistics of fee payment from it. In workers’ compensation matters, particularly involving permanent and total disability, a lawyer’s fee may be contingent and calculated based on the “present value” of the amount of the structured settlement. One other method of calculation is to determine the actual amount that it costs an insurance carrier to purchase the structured settlement or annuity, and to assess a contingent fee on that amount. It is important to consider a lot of things before hiring the
Workers Comp Attorney Tulsa. Make sure to know the fees structure of the lawyer before getting into the deal. Make sure to read the fine print of the agreement carefully before signing. It is important to hire the lawyer who is well experienced and highly qualified in the field of workers compensation law. Internet is one of the best places to get information on different lawyers available in and around the city.
Author Bio:
Gracie Calaway writes informative and unique articles http://www.attorneystulsaok.com/contact/.
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