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Contingency Fees for Workers Comp and Social Security Disability

If you’ve suffered a workplace injury in New York, you may be wondering – how much is hiring a workers’ comp attorney going to cost me? Will I need to pay huge legal bills upfront before I see any settlement money?

At O’Connor Law, we understand these concerns. Medical bills, lost wages, and daily expenses add up quickly after an on-the-job accident. Paying a lawyer by the hour seems impossible when you’re already struggling financially.

The good news is that’s not how we handle fees. Read on to learn more about how we make legal representation affordable for injured workers in New York.

Social Security Disability Fees Are Capped

Social Security disability fees are capped at 25% of back benefits awarded, up to a maximum of $6,000. So, if we secure you $50,000 in retroactive SSDI benefits, our maximum possible fee would be $6,000, not the full 25% – saving you money.

Rest assured, you will never pay more than $6,000 total for our legal services on your Social Security disability case. This cap protects claimants from excessive fees.

We Work on Contingency in Workers’ Comp Cases

Attorney fees in a New York workers’ compensation case are paid on a contingency basis. This means you pay us nothing upfront. We only collect if we are successful in getting you compensation.

Our fee is set at 15% of the total award amount. The insurance carrier pays this automatically from the settlement, so you never pay us out of pocket.

For example, if we secure a $100,000 workers’ comp settlement for you, our 15% fee would equal $15,000. This amount gets deducted from the total automatically. You keep the remaining $85,000 as your compensation for lost wages and medical costs.

Contingency fees mean we only get paid if you get paid. This gives us a powerful incentive to pursue maximum compensation and a successful outcome.

Contingency Fees Are Regulated in NY Workers’ Comp

It’s important to understand the contingency fees charged by attorneys in New York workers’ comp cases are regulated and capped by the state Workers’ Compensation Board.

By law, no lawyer can charge more than 15% in a workers’ comp case on contingency. Some may charge less, but no one can exceed 15%.

The WCB has to review and authorize all attorney fees, ensuring they comply with regulations. This prevents workers from being overcharged by unethical attorneys.

The Benefits of Hiring a Workers’ Comp Lawyer

You may be tempted to skip hiring a lawyer to avoid any fees being deducted from your potential settlement. However, doing so risks shortchanging yourself in the long run.

An experienced attorney levels the playing field and fights to maximize your compensation. We handle communicating with insurers and navigating hearings. Our in-depth knowledge of the system gets you the best possible outcome.

While our 15% contingency fee means a bit less money in your pocket, hiring us usually results in a significantly higher settlement that more than makes up for it. Having an NY workers’ comp lawyer in your corner gets you the long-term financial recovery you deserve.

Contact O’Connor Law to Discuss Your Case Costs

If you were injured on the job in New York and have questions about attorney fees, reach out to our team. We’ll review your situation and estimate potential contingency costs during a free consultation.

Don’t take chances with your workers’ comp claim and leave money on the table. With an experienced attorney fighting for you, you can focus on your recovery – not legal complexities. Contact us today to learn more.

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