personal-injury-attorney-mike-burman-cost-vs-benefit-article

ATTORNEY FEES AND COSTS

This article discusses:

  • Attorney Fees
  • Case Expenses
  • Contingency Fees
  • Burman Law Fees

A “fee” is what the lawyer charges for legal services.  A “case expense” is a cost that is charged in addition to the fee charged by the lawyer.  Burman Law is frugal.  We do not spend money on case expenses unless we believe it will increase case value.  We self-finance cases, and never charge interest on case expenses. Case expenses include:

  1. Court costs
  2. Mileage expenses
  3. Medical record retrieval fees
  4. Charges by experts
  5. Deposition expenses
  6. Court reporter fees
  7. Copy charges

Burman Law always itemizes fees and case expenses.  At the conclusion of a case, all fees and expenses will be plainly set out.  A full itemization of all fees and expenses to date is available at any time.

Burman Law legal fees are based on a percentage of the money recovered in a case. This type of fee is called a contingent fee because the legal fee is contingent on a recovery in the case.  In a contingent fee, if nothing is recovered, then no legal fee is owed and all case expenses are forgiven.  In other words, if Burman Law spends $15,000 in your case and does not make a recovery, then there are no fees and no case expenses.

In a typical case, Burman Law charges a fee of 1/3 if the case is settled without a lawsuit.  If a lawsuit is filed, but the case is settled before trial, the contingency fee is 35%.  If the case goes to trial, then the fee increases to 40% of the total amount recovered.  The contingency fee comes “off the top” which means the contingency fee is based on the total amount of money recovered.  In addition to the contingency fee, Burman Law advances case expenses as necessary and maintains a record of the date, a description of the expense and the amount.  These case expenses are paid in addition to the contingency fee. For example, if Burman Law pays $375 to file a lawsuit, then Burman Law advances that cost so it does not come out of our client’s pocket.  When the case is resolved, Burman Law itemizes all fees and costs to the penny and subtracts these fees/case expenses out of the recovery.  In 25+ years of law practice, Burman Law has accounted for every penny of every client’s money.

 

 

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