Calculator · Updated
Settlement take-home calculator
Enter the numbers from your fee agreement and settlement offer to see, line by line, what might be left for you. It is an estimate, not advice. This is general information, not legal advice.
Step 1: Estimate what you take home
Start with the worked example, or replace it with your own numbers. Use the figures in your fee agreement and any settlement statement your lawyer has given you.
Worked example, with made-up numbers
- Settlement
- $30,000
- Lawyer’s fee: 33⅓% of $30,000
- − $10,000
- Case costs
- − $3,000
- Medical bills and liens
- − $5,000
- PIP or med-pay paid back
- − $0
- You take home (estimate)
- $12,000
If costs came out before the fee instead, the fee would be $9,000 and you would take home $13,000.
This is an estimate from the numbers above, not advice. Your lawyer’s written settlement statement shows the real amounts.
Step 2: Before you rely on a number
Compare it with this estimate, and ask about any line you don’t understand.
- What percentage is the fee, and is it figured before or after costs?
- Which costs have been spent so far, and can I see a list?
- Who has asked to be paid back from the settlement, and how much?
- Can I see a draft settlement statement before I agree?
For how fee agreements work, see how contingency fees work.
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Where the legal facts on this page come from
- ABA Model Rule of Professional Conduct 1.5 (fees)Read the source: ABA Model Rule of Professional Conduct 1.5 (fees)
- 42 C.F.R. § 411.24 (recovery of conditional payments)“(g) Recovery from parties that receive primary payments. CMS has a right of action to recover its payments from any entity, including a beneficiary, provider, supplier, physician, attorney, State agency or private insurer that has received a primary payment. (h) Reimbursement to Medicare. If the beneficiary or other party receives a primary payment, the beneficiary or other party must reimburse Medicare within 60 days.”Read the source: 42 C.F.R. § 411.24 (recovery of conditional payments)
This is general information, not legal advice.