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Sample Settlement Statement

October 19, 2017

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What plaintiffs need to know about attorney fees and reasonable expenses in a Michigan workers’ compensation case.

We have previously blogged about attorney fees and reasonable expenses. Our clients always want to know how much they will receive when a settlement is final.

Here is an example of a settlement statement. Included are typical expenses, attorney fees, $100 redemption fee payable to the State of Michigan, direct payment to a physician’s office and funding a Medicare Set-Aside.

Total Redemption Settlement Amount:                                        $180,000.00

Attorney Expenses Under R408.44(5)

Subpoenaed medical records:                                   $95.00
Medical witness fee:                                                    $1,500.00
Court reporter:                                                             $400.00
Vocational evaluation:                                                $600.00

Total expenses:                                                                                                $2,595.00

Attorney Fee Calculation Under R408.44(3)(4)(7)

15% of first $25,000                                                   $3,750.00
10% above $25,000                                                    $15,240.50

Total attorney fees:                                                                                          $18,990.50

Redemption Fee (Payable to State of Michigan):                       $100.00

Direct Payments

Medicare Set-Aside                                                     $25,000.00
ABC Physician Group                                                 $2,500.00

Total direct payments:                                                                                   $27,500.00

Net Amount to Plaintiff:                                                                     $130,814.50

Michigan Workers Comp Lawyers never charges a fee to evaluate a potential case. Our law firm has represented injured and disabled workers exclusively for more than 35 years. Call (855) 221-2667 for a free consultation today.

Related information:

Injured On The Job: A Guide to Michigan Workers’ Compensation Law (Free Book)

Photo courtesy of Creative Commons, by 401(K) 2013.

Jeffrey E. Kaufman, Michigan Workers Comp Attorney
Jeffrey E. Kaufman, Michigan Workers Comp Attorney

Jeffrey E. Kaufman has extensive experience in workers compensation cases and has recovered millions of dollars in benefits for his clients. He believes all injured workers deserve to be on equal footing with insurance companies and employers, and fights tenaciously so their rights are secured and protected.

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