Since we represent disability insurance claimants at different stages of a disability insurance claim we offer a variety of different fee options. We understand that claimants living on disability insurance benefits have a limited source of income; therefore we always try to work with the claimant to make our attorney fees as affordable as possible. The following is a general summary of the attorney fee options we offer.
The three available fee options are a contingency fee agreement, hourly fee or fixed flat rate. The majority of our clients retain us on a contingency fee basis and it is our preferred method of working with clients. We want our clients to know that we have vested interest in them getting paid benefits every month. The contingency fee provides our clients with certainty and eliminates any concerns regarding unpredictable hourly attorney bills. The contingency fee means that we do not charge any attorney fees or costs unless we recover disability benefits. During a contingency fee agreement our clients are never required to come out of pocket with any money in order to hire us. If successful our attorney fee is calculated as a percentage of the monthly disability benefit that is collected by the client each month. The amount of the contingency fee percentage varies based upon the amount of the monthly benefit and the specific facts of each client’s claim.
Our hourly attorney fee ranges from $400 to $650 depending on the attorney working on the claim. We request an initial retainer and we bill our hourly clients every 30-45 days. Our hourly rate is billed in six minute increments and we provide an itemized statement every month which explains the work that has been performed. In most claims we are able to give our clients an accurate estimate as to the number of hours that will be involved. In cases that require the filing of a lawsuit we only offer a contingency fee agreement as the number of hours involved in litigation is unpredictable and usually cost prohibitive for our clients.
In certain circumstances such as an application, monthly claim handling or appeal of a claim denial we can offer a fixed flat rate. The fixed flat rates are different on every claim due to the different facts and circumstances of each claim. The fixed fee agreement requires a client to pay the full agreed upon attorney fee in advance.
In every case we provide each client with a written fee agreement detailing the terms and conditions. We always offer a free initial phone consultation and we appreciate the opportunity to work with you in obtaining payment of your disability insurance benefits.