New York Sample Letter for Explanation of Attorneys Fees and Settlement Payment

• Category: Letters - Legal - Attorneys Fees
• State: Multi-State
• Control #: US-0046LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Explanation of Attorneys' Fees and Settlement Payment Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to provide a detailed explanation of attorneys' fees and settlement payment related to our recent legal settlement. First and foremost, I want to express my gratitude for the opportunity to represent you during the legal proceedings. It has been a privilege to advocate for your rights and best interests throughout this process. To proceed with transparency, please find a breakdown of the attorneys' fees and settlement payment associated with our case: 1. Attorneys' Fees: a. Base Rate: Our standard hourly rate for legal services is [EX]. This rate accounts for the time spent on research, client meetings, court appearances, and drafting legal documents. b. Contingency Fee: In some cases, contingency fees may apply, depending on the nature of the settlement. We charge a percentage of the total settlement amount, typically ranging from 20% to 40%. c. Additional Costs: Apart from the hourly rate and contingency fee, certain expenses may have been incurred during the case, such as court filing fees, investigation costs, expert witness fees, etc. These charges will be listed separately in the breakdown. 2. Settlement Payment: a. Total Settlement Amount: The settlement payment includes the sum agreed upon between the parties involved to resolve the legal matter. This amount is paid by the opposing party or their insurance provider as compensation for damages, medical bills, lost wages, emotional distress, or any other relevant claims. b. Deductions: i. Standard Attorneys' Fees: As outlined in section 1(a) above, the base rate for legal services is deducted from the settlement amount based on the total hours worked on the case. ii. Contingency Fee: If applicable, the agreed-upon percentage (as mentioned in section 1(b)) is deducted from the settlement amount. iii. Additional Expenses: Any costs incurred during the case (as mentioned in section 1(c)) will also be deducted from the settlement amount. c. Net Settlement: The remaining amount after deducting the attorneys' fees and expenses mentioned in the previous subsections will be the net settlement, which will be disbursed to you in a timely manner. Please note that the information mentioned above is specific to your case and may not apply universally. Different types of settlement structures exist, including structured settlements, lump-sum payments, and periodic payments, among others. However, this explanation focuses on a general breakdown to ensure your understanding of the attorneys' fees and settlement payment structure. If you have any further questions or concerns regarding the breakdown provided, please do not hesitate to contact our office. We are committed to providing you with any additional clarifications necessary and ensuring your satisfaction in this matter. Thank you again for entrusting us with your legal representation. We appreciate the opportunity to serve you, and we look forward to your continued collaboration. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Explanation of Attorneys' Fees and Settlement Payment Dear [Recipient's Name], I hope this letter finds you in good health and high spirits. I am writing to provide a detailed explanation of attorneys' fees and settlement payment related to our recent legal settlement. First and foremost, I want to express my gratitude for the opportunity to represent you during the legal proceedings. It has been a privilege to advocate for your rights and best interests throughout this process. To proceed with transparency, please find a breakdown of the attorneys' fees and settlement payment associated with our case: 1. Attorneys' Fees: a. Base Rate: Our standard hourly rate for legal services is [EX]. This rate accounts for the time spent on research, client meetings, court appearances, and drafting legal documents. b. Contingency Fee: In some cases, contingency fees may apply, depending on the nature of the settlement. We charge a percentage of the total settlement amount, typically ranging from 20% to 40%. c. Additional Costs: Apart from the hourly rate and contingency fee, certain expenses may have been incurred during the case, such as court filing fees, investigation costs, expert witness fees, etc. These charges will be listed separately in the breakdown. 2. Settlement Payment: a. Total Settlement Amount: The settlement payment includes the sum agreed upon between the parties involved to resolve the legal matter. This amount is paid by the opposing party or their insurance provider as compensation for damages, medical bills, lost wages, emotional distress, or any other relevant claims. b. Deductions: i. Standard Attorneys' Fees: As outlined in section 1(a) above, the base rate for legal services is deducted from the settlement amount based on the total hours worked on the case. ii. Contingency Fee: If applicable, the agreed-upon percentage (as mentioned in section 1(b)) is deducted from the settlement amount. iii. Additional Expenses: Any costs incurred during the case (as mentioned in section 1(c)) will also be deducted from the settlement amount. c. Net Settlement: The remaining amount after deducting the attorneys' fees and expenses mentioned in the previous subsections will be the net settlement, which will be disbursed to you in a timely manner. Please note that the information mentioned above is specific to your case and may not apply universally. Different types of settlement structures exist, including structured settlements, lump-sum payments, and periodic payments, among others. However, this explanation focuses on a general breakdown to ensure your understanding of the attorneys' fees and settlement payment structure. If you have any further questions or concerns regarding the breakdown provided, please do not hesitate to contact our office. We are committed to providing you with any additional clarifications necessary and ensuring your satisfaction in this matter. Thank you again for entrusting us with your legal representation. We appreciate the opportunity to serve you, and we look forward to your continued collaboration. Sincerely, [Your Name]