Personal injury lawyer question?
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My lawyer told me that he got the insurence company to not come after the settlement money. im only getting $250,000 due to her max policy coverage. My bills are documented to be in the $850,000 range and still climbing. the family that hit me dosent have much money. we did an asset check and turnd up nothing. 2 cars under 10,000 with loans on them, id say a 250-300,000 house. the only funny thing is they only owe 27,000 on there house. whitch makes me think that any assets they had they dumped into their house fast. my lawyer says its not worth taking it further because we would never be able to collect on the money. so What im wondering is if its that cut and dry why is my lawyetag 20%-30 it dosent sound like he had do much work. could i have convised my insurence(bbb) not to come after the settlment money? second is it worth it to go after thier house or family.(i know about the hole lean on the house thing and it only applies if they sell the house). then pocketed all the 250k
Personal injury lawyer question?<check with ANOTHER lawyer or your state disciplinary board>
Most PI lawyers will charge 33-40% of the recovery, and this is legit for cases where the lawyer actually had to do some work.
But in this case, the lawyer probably simply showed your $850K bills to the insurance company, who laughed and said "we're only covering $250K" and now your lawyer doesn't want to do the work to get the other $600K (well, it shoud be 5-10x that much), because the payout isn't guaranteed quickly.
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