What is the name of your state? Massachusetts (but the accident and lawyer are in Arkansas)
I recently got my paperwork from my lawyer and the check and liability release from the company I settled with. I have to sign a "settlement disbursement aggreement" basically saying how much the lawyer gets...looks like this...
1. Settlement proceeds 10k
2. Liens...none
3. Litigation Expenses & Advances
Advances $605.16
Expenses $21.13
4. Attorney fee
$3,333.33
net settlement $6040.38
So he gets his 1/3 fee....fine
Expenses are minimal for postage and phone calls and copying....fine.
"Advances" ---what is this for?????????????
In general I think of an advance like a cash advance...the lawyer at no point paid me money ahead of time for claims from the insurance company or for the settlement or anything. The case was never brought to court, all he did was send a packet to the truck company demanding money. Could someone explain what this is??? Can the lawyer take out an advance to pay himself his portion of the settlement ahead of time???
I'm searching for the agreement I signed from the lawyer at the beginning, but I cant find it right now so thats why I'm asking! I'm going to call him in a few, but wanted to see if someone could shed some light for me
