Wake North Carolina Sample Letter for Explanation of Attorneys Fees and Settlement Payment

• Category: Letters - Legal - Attorneys Fees
• State: Multi-State
• County: Wake
• 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. Sample Letter for Explanation of Attorneys Fees and Settlement Payment in Wake North Carolina Dear [Client's Name], RE: Explanation of Attorneys' Fees and Settlement Payment I hope this letter finds you well. We write to provide you with a detailed explanation of the attorneys' fees incurred in your legal representation and the breakdown of the settlement payment received in your case. Please review the following information carefully. Attorneys' Fees: Our firm has been representing you in your legal matter in Wake North Carolina, and we have successfully reached a settlement agreement on your behalf. In accordance with our retainer agreement, we have charged you a fee based on a contingency arrangement, meaning our fees are contingent upon securing a favorable outcome in your case. We are pleased to inform you that we have obtained a settlement that is favorable to you. In this case, our firm applied a standard contingency fee model of 33%, as per the North Carolina Bar Association's guidelines, which are deemed reasonable and customary in the legal industry for a settlement of this nature. As a result, our attorneys' fees amounted to $XXXX. This fee covers the extensive legal services provided to you throughout the duration of your case, including consultations, research, document preparation, negotiation, and advocacy on your behalf. Settlement Payment: We are delighted to announce that the settlement achieved in your case amounts to $XXXXX. This settlement represents compensation for damages, medical bills, lost wages, and other relevant expenses incurred as a direct result of the incident that led to your legal claim. From the total settlement amount, the following deductions were made: 1. Attorneys' Fees: As mentioned earlier, our firm's contingency fee is 33% of the settlement amount, equating to $XXXXX. 2. Case Costs and Disbursements: Throughout the course of your case, certain costs were incurred on your behalf for services such as filing fees, court costs, expert witness fees, medical records, deposition transcripts, postage, and other necessary expenses. These costs amounted to $XXXXX. After accounting for the above deductions, the remaining balance of the settlement, equaling $XXXXX, will be disbursed to you at the earliest convenience. We will prepare the necessary documentation to facilitate the process and contact you shortly to schedule a meeting for the final settlement payment. It is vital to note that any outstanding expenses owed to our firm will be deducted from the outstanding balance prior to the settlement distribution. Once all financial obligations are settled, you will receive the remaining funds promptly. We appreciate your trust in our firm throughout the legal process. If you have any questions or concerns regarding the breakdown of the attorneys' fees, settlement payment, or any other related matter, please do not hesitate to contact us. We are here to address any inquiries you may have and provide further clarification when needed. Thank you for choosing our firm for your legal representation, and we look forward to concluding this matter soon. Yours sincerely, [Your Name] [Your Firm's Name] [Contact Information]

Sample Letter for Explanation of Attorneys Fees and Settlement Payment in Wake North Carolina Dear [Client's Name], RE: Explanation of Attorneys' Fees and Settlement Payment I hope this letter finds you well. We write to provide you with a detailed explanation of the attorneys' fees incurred in your legal representation and the breakdown of the settlement payment received in your case. Please review the following information carefully. Attorneys' Fees: Our firm has been representing you in your legal matter in Wake North Carolina, and we have successfully reached a settlement agreement on your behalf. In accordance with our retainer agreement, we have charged you a fee based on a contingency arrangement, meaning our fees are contingent upon securing a favorable outcome in your case. We are pleased to inform you that we have obtained a settlement that is favorable to you. In this case, our firm applied a standard contingency fee model of 33%, as per the North Carolina Bar Association's guidelines, which are deemed reasonable and customary in the legal industry for a settlement of this nature. As a result, our attorneys' fees amounted to $XXXX. This fee covers the extensive legal services provided to you throughout the duration of your case, including consultations, research, document preparation, negotiation, and advocacy on your behalf. Settlement Payment: We are delighted to announce that the settlement achieved in your case amounts to $XXXXX. This settlement represents compensation for damages, medical bills, lost wages, and other relevant expenses incurred as a direct result of the incident that led to your legal claim. From the total settlement amount, the following deductions were made: 1. Attorneys' Fees: As mentioned earlier, our firm's contingency fee is 33% of the settlement amount, equating to $XXXXX. 2. Case Costs and Disbursements: Throughout the course of your case, certain costs were incurred on your behalf for services such as filing fees, court costs, expert witness fees, medical records, deposition transcripts, postage, and other necessary expenses. These costs amounted to $XXXXX. After accounting for the above deductions, the remaining balance of the settlement, equaling $XXXXX, will be disbursed to you at the earliest convenience. We will prepare the necessary documentation to facilitate the process and contact you shortly to schedule a meeting for the final settlement payment. It is vital to note that any outstanding expenses owed to our firm will be deducted from the outstanding balance prior to the settlement distribution. Once all financial obligations are settled, you will receive the remaining funds promptly. We appreciate your trust in our firm throughout the legal process. If you have any questions or concerns regarding the breakdown of the attorneys' fees, settlement payment, or any other related matter, please do not hesitate to contact us. We are here to address any inquiries you may have and provide further clarification when needed. Thank you for choosing our firm for your legal representation, and we look forward to concluding this matter soon. Yours sincerely, [Your Name] [Your Firm's Name] [Contact Information]