By now, you’ve probably reviewed several pages on our website that offer ‘free case reviews’ or ‘no fee, unless we are successful for you’ and you may be thinking ‘how do these guys make money?’
So here it goes. Every single case we handle is done on a contingency fee basis. Under a contingency fee arrangement, our office receives a percentage of the total recovery for you. We charge 1/3 (33.33%) on most of our personal injury and medical malpractice cases. In workers compensation matters, we charge a 20% contingency fee based primarily on a lump-sum recovery for you.
When you retain our office, you will sign a written contract which sets forth the terms of our representation and clearly states what the fee arrangement is for your case. You will receive a copy of this document for your records.
What About Expenses?
Each case we handle requires some out-of-pocket investment on our part in order to prosecute the case. Examples of common types of case expenses include:
- Medical Records
- Police Reports
- Expert Witness Fees
- Medical Reports
- Court Filing Fees
Our office pays for these expenses as we are invoiced by the provider. We use an in-house accounting program to track the expenses on each case.
We do not make any money on our clients’ case expenses. We only seek reimbursement of these expenses when we are successful on your behalf. If there is no recovery on your case, our office will absorb the expenses and will not seek any contribution from you.
At the conclusion of your case of your case, you will receive a ‘closing statement’. The statement will show a full breakdown of the case settlement or verdict including attorneys’ fees, itemized case expenses and any medical liens (example: health insurance or treating physicians). The closing statement will show exactly how much money you will net from your case. An example of a closing or settlement
NAME OF CASE: YOUR NAME v. PARTY SUED
DATE OF ACCIDENT:
We hereby authorize my attorneys, Rosenfeld Law Offices LLC., to endorse my name upon any check(s) or draft(s) which they will receive in settlement of my claims for injuries & property damage sustained on DATE OF INCIDENT. We further authorize said attorneys to deposit said check(s) and/or draft(s) to their trust account and my attorneys are further authorized to make the following disbursements from the proceeds of the settlement:
Costs Advanced by Rosenfeld Law Offices
We further authorize said attorneys to mail the balance of the settlement proceeds, in the sum of $45,073.42 to me at the address below after said settlement check(s) and/or draft(s) have cleared. Clients further agrees that they are responsible for all medical bills other than those listed on this settlement statement. Clients indemnifies and holds harmless Rosenfeld Law Offices LLC from all liens and claims by hospitals, doctors, insurers seeking reimbursement, public aid or other parties who rendered medical or other services arising out of this occurrence. Lastly, client understands that this settlement is subject to approval of bankruptcy proceedings and court approval.
Are You Ready to Move Forward With a Personal Injury or Medical Negligence Case?
The team at Rosenfeld Injury Lawyers LLC appreciates that the time following an incident can be stressful for the individual and his or her family. We have helped thousands of people obtain compensation for their situation and look forward to serving you. We are here for in-person or telephone consultations anytime.
Our goal is to provide you with the best possible legal representation so you may obtain the maximum possible recovery as quickly as feasible.