Compare Results
Comparison of a hypothetical Long Island motorcycle injury case which is representative of many of my cases (previous or hypothetical results cannot predict results for your case which may have different facts and issues):
My client is riding his motorcycle when struck by a car with a $100,000 insurance policy. A search of the national insurance company database showed that the car did not have an umbrella insurance policy. My client did not have underinsured coverage over the $100,000. The case settled for $100,000. My client saved the cost of going to trial of approximately $25,000 and two years of time that it would take to get to trial. My client’s hospital bill was $32,000 and the ERISA health insurance company asserted a lien against the case to be reimbursed for the paid medical bills.
I settled the health lien for 5% in the amount of $1,600 and obtained an additional $1,000 of medical coverage to pay towards the medical lien settlement, so my client only had to pay $600 from his motorcycle injury settlement. I do not charge a legal fee to negotiate the health insurance lien. I do not charge my client a legal fee for $14,400 disability payments he receives. I do not charge my client a legal fee for $6,000 property damage to his motorcycle. I charge my client only a one third fee of the personal injury settlement and my client receives $66,667 from the settlement of his personal injury motorcycle accident claim.
Example Showing My Legal Fees
$100,000 Motorcycle injury settlement
-$ 33,333 Legal fee for personal injury claim
-$ 0 No charge for case expenses
-$ 0 No charge for property damage claim (Damage to motorcycle)
-$ 0 No charge for disability claim
-$ 0 No charge for negotiating/reducing medical/health insurance liens
-$ 600 Deducted from case settlement to pay medical lien settlement
$ 66,067 Amount the client receives
With the same motorcycle injury case, a friend of mine would have charged a one third legal fee of the settlement of the personal injury claim; an additional legal fee of $11,000 to handle the medical lien; an additional legal fee of $4,800 for the disability claim; and an additional fee of $2,000 for the property damage claim to the motorcycle. After deducting all of the legal fees, the client will receive $48,866 instead of $66,666 because of all of the additional legal fees.
Example Showing Legal Fees A Friend of Mine Would Charge
$100,000 Motorcycle injury settlement
- $ 1,400 Case expenses
- $32,866 Legal fee for personal injury claim
- $11,000 Legal fee for medical lien
- $ 4,800 Legal fee for disability claim
- $ 2,000 Legal fee for property damage
-$16,000 Payment of $32,000 medical lien settled at 50%
$31,934 Amount the client would have received
Because of the seriousness of the injuries in a motorcycle accident, most lawyers can settle a motorcycle injury case for the full amount of the insurance policy. The difference I provide is:
- The ability to research the national insurance company database to find additional insurance and umbrella insurance and to give you a written report of the findings.
- The knowledge to settle large medical liens (usually $30,000-$750,000) for little or nothing.
- No legal fees for anything except the personal injury claim.
See a list of my fees and services when you need a Long Island Motorcycle Accident Lawyer
Call Phil Franckel right now for a free – no obligation consultation
1-800-HURT-911
1-800-487-8911