QuestionPurchased and financed care from Drummy olds that had a salvage title, but did not inform me of this and later on law suit ensued against State Farm and Finance company because of above stated reason.
Attorney notified me that total settlement was $19,800; my portion $9000 and her portion the rest. However, the retainer letter dated Novemeber 16, 2005, sent to me states "In the event of a cash award or settlement, our fee will be based on 1/3 of gross recovery, regardless of the actual time spent, unless the award or settlement provides a higher amount"....
So, how is it that my attorney can take more than half of the total settlement...I asked her about this and her reply was "she had a case where the client received a settlement of $750 dollars but her fee was $50,000, and that this sometimes happens." Attorney wants me to sign off on this so she can write me a check and she take the rest....
Need expert advice regarding what attorney is trying to pull and how I should go about handling this with the attorney.
Thank You, Pat B.
AnswerHi Pat,
This is not an insurance related question, it is a legal question. I am not an attorney and can not answer such questions. You should direct your question to an attorney. Or you should contact your state bar association. They have a consumer complaint department where you can get clarification on attorney contracts and the proper application of contingency fees.
I hope this helps
Richard Hixenbaugh
