(845) 802-0047What Is Net Recovery And Why Does It Matter?
Your net recovery is the only thing that truly matters. Your “net recovery” means the amount of money that goes in your pocket after the payment of legal fees, expenses, and liens. If the lawyers and health insurers get paid with little left for you, the litigation has failed.
When your lawyer tells you about a settlement offer, you should ask him, “What will my net recovery be if I accept this offer?”. You should ask the lawyer for the amount of the (a) legal fee, (b) case expenses, and (c) any liens which must be paid from the sttelement money. After deducting the legal fee, case expenses, and any liens from the settlement offer, you will be able to determine the amount of your net recovery.
The net recovery is the only number that should matter to you so make sure your lawyer provides that figure to you whenever a settlement offer is made.