How is a Kentucky Workers’ Compensation Attorney Paid?
Posted on Tuesday, August 19th, 2014 at 1:33 pm
Kentucky workers’ compensation attorneys are paid on a contingency fee basis. The easiest way to understand this is to realize that any payments made to your attorney are contingent on the attorney obtaining compensation for you, whether it be back due temporary total disability payments or a settlement. This also means, if your attorney does not recover any money for you, you do not owe your workers’ compensation attorney a dime.
No Up Front or Out of Pocket Expenses
With so many employees living paycheck to paycheck, a work injury can cause uncertainty and worry about how bills will get paid and how the employee’s family will be provided for while the injured employee is not working. Fortunately, Kentucky law is very specific about paying a workers’ compensation attorney. An Injured worker is not required to pay any attorney’s fees or any other expenses up front or out of pocket. The attorney fee is simply taken out of the amount of compensation the injured employee obtains.
The formula for contingency fees is as follows…
- 20 percent of the first $25,000 recovered
- 15 percent of the next $10,000 recovered
- 5 percent of any remaining award
The maximum attorney’s fees in any Kentucky workers’ compensation case is $18,000, meaning, that is the most an attorney can take out of your settlement.
If you or someone you know has a Workers’ Comp issue, please contact a Northern Kentucky Workers’ Compensation Attorney today. Lawrence & Associates Accident and Injury Lawyers, LLC can help!fff
Contact Us (859.371.5997) for a Free Consultation