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Getting injured by someone else
is no fun. Nobody ever wants to get injured whether it’s a
car, motorcycle, bicycle accident, or something else,
getting injured is a real setback. It disrupts your life,
screws up your plans, and puts you back financially.
Ultimately, there is no real compensation for any injury.
But the person who injured you is supposed to try to
compensate you by paying money to get you back to the place
you were in before you got injured. So you may be
entitled to recover damages for
your pain and suffering, emotional distress, loss of
enjoyment of life, disability, medical expenses, loss of
earnings, and property damages.
Washington law requires minimum automobile and motorcycle
liability insurance coverage for all vehicles registered in
the state. Depending on the
terms of the policy, liability insurance
usually
covers the cost of property damages, and pays
medical bills and lost wages as a
result of the accident.
Everybody knows that the
insurance companies just want to get rid of your claim as
cheaply as possible. What most people don’t know is that the
insurance industry is the largest employer of non-practicing
attorneys, many of them working as senior adjusters. So if
you try to negotiate with the insurance company alone you
stand a good chance of negotiating against a seasoned
lawyer… A good lawyer on your side maximizes your chances of
getting a good settlement of your claim.
A
skilled attorney is
essential to maximize the value of your claim.
Lawyers are trained in how to see the potential value of
your claim and the damages you suffered, and understand how
to trace liability back to the responsible party. Only about
2% of all claims result in a trial. The vast majority are
settled out of court, either through direct negotiation, or
arbitration. This results in less stress for the injured
party and a streamlined process for getting to a fair
settlement. Unlike many other lawyers, I’m a trained
mediator skilled in advanced negotiating techniques and in
how to evaluate the value of your claim at each stage of the
process.
Like
other lawyers, I take most of these cases on a contingent
fee, so you pay no attorney’s fees unless we recover from
the other party. However I take a smaller contingent fee
than almost any other lawyer out there. This results in my
clients saving on average about 20% in fees over other
lawyers (see table below). The bottom line is I’m not out to
gouge my clients, so I work to put more money into your
pocket, to help set you back to where you were before the
injury.
Call
me today for a free discussion on what we can do about your
claim. I look forward to working with you.
Fee
Structure
My contingent fee amount is
usually one third (33.33%) of the settlement after expenses,
costs, etc, and medical/nursing bills for treatment related
to the claim are paid. (Some unusual rare cases have a
different fee structure). This is called a net recovery, and
is another way that I save you money. Let me explain.
Almost all lawyers doing this
work charge a gross recovery, which means that their 1/3 fee
is taken after experts are paid, but before costs and
medical expenses are paid. The medical expenses come out of
the clients 2/3 portion! I don’t do that. I pay almost all
claims first, except for property damages, then split the
money. Bottom line: you get more money for your claim!
For example assume you settle
your case for $30,000 including all medical expenses, and
you have $7,000 in medical expenses and $1,000 in costs.
Under the gross recovery formula, these medical expenses and
costs are deducted from the settlement amount after
calculating attorney fees. The attorney fees would be 1/3 of
$30,000 or $10,000; you would get $12,000. In my method—a
net settlement, medical bills and costs are deducted from
the settlement amount before calculating attorney fees. In
the same example my fee would be 1/3 of $22,000, or $7,333,
you would get $14,667, about 20% more!
|
Gross Recovery (Other Lawyers) |
Net Recovery (Your Lawyer) |
|
Settlement: |
$ 30,000 |
|
Lawyer Fee 1/3 of $30K |
- $10,000 |
|
|
|
|
Medical Bills |
- $ 7,000 |
|
Costs |
- $ 1,000 |
|
Clients Portion |
$12,000 |
|
|
Settlement |
$ 30,000 |
|
Medical Bills |
- $7,000 |
|
Costs |
- $1,000 |
|
|
$ 22,000 |
|
Lawyer Fee 1/3 of $22K |
$ 7,333 |
|
Clients Portion
|
$ 14,667 |
|
The
bottom line is, I work to put more money into your pocket,
to help set you back to where you were before the injury. I
want to help my clients move forward with their lives.
Call or email me
for a free
discussion on what we can do about your claim. I look
forward to working with you. |