How Much Does a Lawyer Make Off of a Workers’ Compensation Claim?
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How much does a lawyer make off of a workers’ compensation claim?
Most New Jersey workers’ compensation lawyers only charge you for their services if they can get you approved for benefits. This is referred to as a contingency agreement; their fee is contingent upon getting you a settlement award. The majority of lawyers will also cover all litigation costs. This means you will pay nothing upfront. Your workers’ compensation attorney works on a contingency basis, meaning they will only get paid if they obtain a settlement award or judgment for you.
The fee a New Jersey workers’ compensation lawyer makes depends on the amount of the settlement award they recover on behalf of their client. The attorney’s fee for workers’ compensation lawyers is set by the Court, which can award up to 20 percent of the total award amount they obtain for their clients. Thus, if an attorney recovers $10,000 in benefits for a client, their fee would be $2,000.
If this amount seems high, consider the fact that, on average, workers’ compensation cases can take months or longer, to resolve and are quite labor-intensive. An attorney will first work with you and your treating physicians to gather all necessary documentation of your injuries. They will also investigate the accident, interviewing any witnesses, if needed. From there, they will negotiate with the injured worker’s employer or the employer’s insurance company in hopes of securing a settlement. If a settlement cannot be reached, the lawyer will need to attend hearings, cross-examine witnesses, and present the worker’s case. An experienced workers’ compensation lawyer will also look into other potential claims, such as a third party claim, to maximize an injured worker’s total recovery amount.
Most injured workers who retain an experienced New Jersey workers’ compensation lawyer are glad they did. Not only because they are satisfied with the result but also because having an attorney’s assistance dramatically reduces the stress that can come along with handling the case on your own.
Other Workers’ Compensation FAQs:
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- Am I Eligible For Workers’ Compensation If I Am Hurt While Working From Home in New Jersey?
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- Are Minors Entitled to Workers’ Compensation Benefits?
- Are Minors Injured in a Work-Related Accident Eligible to Receive Workers’ Compensation Benefits in New Jersey?
- Are Workers’ Compensation Benefits Taxable?
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- Can CNAs or RNs Attacked by Patients Receive Workers’ Comp Benefits For Their Injuries?
- Can I Choose My Doctor For My Workers’ Compensation Claim in New Jersey?
- Can I File a Third-Party Lawsuit For My New Jersey Workplace Injury?
- Can I Get Workers’ Compensation When A Coworker Assaults Me?
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- Do I Need A Doctor’s Approval to Return to Work?
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- What Does AWW Mean Under Workers’ Comp? (Average Weekly Wage)
- What Does FCE Mean Under Workers’ Comp? (Functional Capacity Evaluation)
- What Does IME Mean in Workers’ Comp? (Independent Medical Examination)
- What Does MMI Mean in Workers’ Comp? (Maximum Medical Improvement)
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- What Does TTD Mean in Workers’ Comp? (Temporary Total Disability)
- What Happens When Using A Lawyer For A Workers’ Compensation Claim?
- What Happens When You Get A Workers’ Compensation Lawyer?
- What Is A Workers’ Compensation Lawyer?
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- What Should I Do If My Employer Refuses to Open Up a Workers’ Compensation Claim?
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- What to Expect in Your Free Consultation with a Workers’ Compensation Lawyer?
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- What Will A New Jersey Workers’ Compensation Attorney Do For Me?
- What Workers’ Comp Benefits Can I Receive If I’m Unable to Work or Return to Work?
- When Do I Need A New Jersey Workers’ Compensation Lawyer?
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