My client was involved in an auto accident and she hired an attorney to represent...
90.2K
Verified Solution
Question
Accounting
My client was involved in an auto accident and she hired an attorney to represent her in court. Her medical bills were $5000. According to the retainer agreement, the client agreed that the attorney's fees would be calculated based on the net recovery after all disbursements were paid. The case was settled for 50k. Disbursements- $2500 for 2 years in litigation. Should the attorney's legal fees be calculated on the net or gross: Which option gives the client more money in their pocket?
What is the benefit of allowing the attorney to calculate his fees on the Gross amount?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.