Fo
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shleyod
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Ste
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ny moe, so
e hope you’ll join us fothis episode!
St
y tuned fothe next inst
llment of the Be
king Don The L
Podc
st <i>
ith Stet J Guss
ndshley
odiguez!
Cont
ct Us: 281-783-3934 o<
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kingDonTheL
@gm
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c=”https:// out.com/1311943/5540926- t-is- ine out-pl -5540926&pl =sm j sc sc ipt [This t nsc e n ted t nsc vice y cont s] Int e n the l st hosted by neys l speci yd nd ho ffects egul people. Let’s b k do ith ou nd od ve the inside scoop on eve l s thy. od elcome to b king do y e going to t bout contingency fees. t’s the contingency fee, Ste t J Guss : 0:41 Contingency fee me t if you need e , you c ffo e one. Bec y nd until you c nd th e h c estingly, it’s funny bec , I’ve been doing this fo nd I ssume th th t’s the c t th Consult ee. y nd until in ecove th t’s lly the most common question th e get f clients th t e ching out to us lk to us n inju ccident c shley iguez : 1:29 I bet bec e thinking I just got my c to p Ube l bills, I’m t om k, n’t d . Bec hen you he the d l ye t’s gonn t J Guss : 1:39 me h, ye h, ye ce in types of l , it’s t , l ye t n be expensive. f fo divo child suppo if you need imin fo t ffic ticket, o y up f nd the ntee, you kno t they’ ny good, you p money. The be bout t, you kno e’ll t f e’ll investig c f nd mo n th e c ithout ch ging you nd until ke ecove nd ndled, I think, p bly 10s of thous ses fi y once in hile bec cumst cont e might find on se fo ye o o o . t the end of the d , m defend nk ny becomes insolvent, o nd even though ll th nd t effo nd you kno eds of hou time, if ke ecove ou e nt to sh clients nk them fo tunity to esent them. M e th st t ything nd then y, they don’t p penny. e lk iends. od o t ue. So t e o ny? Isn’t the h ence? Ste h, so th , bec , they’ ll the time, but like, l ye , p t of my y? Isn’t th ke money off of my t n ex ex y someone comes to us, they nt to hi nd let’s s , they gency nd bet ys ything else, y they’ve got $15,000 in medic ell, m insu nce comp ing them 12,000. e us, y d, t me t they’ t $12,000, they’ll h y bills. So th h lot of people think. But he l. The lot th t equ t people don’t lize, one, the biggest p t of ou ke su t e getting you t you’ use the insu nce comp s offe t does me t th ll you’ nd th y, t le job to go to k like fte bone, like insu nce comp , e going to t nd get you mo n 12,000. e going to t nd get you 20,000 o 40,000 o shley iguez : 4:41 the negoti ocess nd you’ve been doing this. Ste negoti ocess. But he l, tion is b k do e’ll go to cou nd you ights. But th use t e t one of the things th good pe l inju ddition to t n, out of the insu nce comp thing th e do is te on those medic nd outst , m post ck to m ve something c sub tion, e going to t nd negoti n t h t y. So t e t e king both sides of the equ ou e t s n fo nything th s to be p e’ lso negoti y t do , coming ything ximum sh y into ou shley iguez : 5:50 Ye t is me. No lot of medic nies, they kno e gonn t money up f ill negoti n bec ve to it fo t J Guss : 5:58 Ye nd th nothe t people don’t lize not necess ily ted to contingency fee. But s th c eck. So one of the things th e could do, e h n lette otection so th clients e l t tment they need, not only ying us up f ithout p medic ovide ont. It’s not 100% of the time, you kno nd n’t gu t’s one of the things th e’ ble to do ve y often kes life much much e fo ho’s been in d. od h, cuz you’ ough so much like you y, like, no one kes up in the mo nning to get in the c . Ste ight? Ex ning pl p ning pl c . So p oblem. Fi t, I kno p ski shoes, no p e got this. But pp comes out of no e, like b f nd by the y, unless you’ m, you h t I’m t bout. So Google, YouTube. od nd th h t sounds like settle you se. Ste o y, don’t e’ ving fun on the othe st. ving fun nd I love h ust me, e go to cou ll of us kno to put on ou f not on the podc ying to h shley iguez : 7:36 Definitely p l ve to be but the h t J Guss : 7:41 Ex ny othe me on contingency fees? od sic does it k? Is the ny ext fees? In the end? I hi contingency fee? you settle you se? e the does it b k do t J Guss : 7:57 So let me tell you, gene lly spe y it’s l c se, gene lly spe e going to find th nd d contingency fee is going to be one thi y. So teve t e ecove om the insu nce comp neys fees e going to be one thi t . No e e cto t c nge th little bit. So fo mple, g etty st e’ ything n to t nd get you se settled se settled on te t e pe ccept nd , it’s the client’s decision, not ou e’ y t c ithout h l suit, th ob ppens, I’d s bout 75 to 80% of the time. But once l suit, the nd effo nd suppo ff th e need to invest in se goes up subst lly. So typic neys fees go t point f d to 40%. If ve to file nd it’s impo nt to m t distinction, not if y, bec e e lly lk into t nd go to t l, 99.9% of the k on the c s e e file om one thi g ppen in cuum. ppen client tells us Yep, let’s do it. I’m ok ith it. Go d. od h. So you p h is, y this is the offe ke it o ould you like us to file nd go f e? Ste h, ex nd it’s lly mo t p t hen lk to ou ight, lly the y th t my job t my neys look job in de ith ou job is to give you info tion bout t ou ight? Yes. So do you nt to settle? O l suit? He os, he nd t point, client to s m s they need to. But ultim nd ns , I’ve spent t s in ence client befo the p nd cons. emembe e k fo clients, they’ client fi l ys, nd p t of ou e t job is to keep ou med. hen they do m decision c e lly nt it to be med decision th lly m shley iguez : 10:44 Ye nd they feel comfo ble use they’ve he d m t J Guss : 10:49 Ex nd they’ e e empo ed to t se in teve ection they see fit. sked them to listen to ou dvice. e’ll give he dvice, bec t’s p t of ou nd ultim s I’ve s e, l ye hen my client tells me to jump, I high. So the e couple of othe bout contingency fee, so th nd expenses. The issues, the t ses e contingency fees m couple of pe ge points highe nd th use fo mple, it might be se th lly difficult to ex emises li ses, often t lot of k ve e unce inty th moto ett, so but he ith us. ith te ney, you’ ex h e you hi , the ny su ises. od sic ving tion, though, , e not ont lk to you ll of them y. Ste d success th ning, putting on you nts o ski ve e t l ye nd they’ illing to give m ont, t point, you st i h he n ound , pe y. od h, you should be ust you ything should be upf t J Guss : 12:27 Ye , one of the g t things, one of the g t joys th d in p cticing pe l inju 25 ye s, it’s p t ou m et client, d e d expe ith son y l ye st. sk nd they’ y cynic nd they’ y doubtful. e ofession , e meet th ust me. me you, bec ned befo h e ee months, six months, n the line, ll done. e’ve t nd ho e’ve been nging you bout l ye nd e get to do it shley iguez : 13:23 So is the nything in specific l client should l ye bout contingency fees up f t J Guss : 13:31 Ye el thing I do like to mention, t is the thing y? Oftentimes, e’ o c e’ ve c s ep client. se expenses might be s let’s s police t, o eds, o lly big m se, even thous h t ccident uctionist. No t ou m is going to be p out of ou e ite them, s e going to nt to get those expenses p ck se. t I lly u sk is, esponsible fo ses expenses, even if in my c , ou m, it doesn’t m if $5,000 o e in c us. If in you se, eceipts. g e us tto e us ou se expenses. ke h e nt you to kno t ything nd y f s m te ith son y l ye t’s one tip I nted to give eve ho’s listening, bout ho shley iguez : 15:14 ex ould think, you kno in my c ve to p m esponsible fo fee, bec o nd th h n m te. Ok t J Guss : 15:29 Ye nd th hy ou l system is designed to m s e s possible fo ble to hi lly high qu ienced pe l inju to esent them e bsolutely no e’s dd, o e’s y, in conclusion, it’s this. Getting into ccident is y complic tion. Setting ies th nd the medic t you’ve got going on, you l situ s complic nd just t h y to people is, look, if you e in ccident, bid, the ish mothe nd m bid, you b m. to fix you n m y o ve some money? O ould you just get you docto nd h docto e y? It’s the s ith the leg n h o ntee you those insu nce comp nds nds of times they’ve got one job one job only. Th y you s possible on you ims. it’s me, my l fi ny of my l ye t, the e son y l ye e. If you’ve been hu nd it’s someone else’s f y to do it on you n. hi l ye ith no t c ppen is you get e good y. The st thing c ppen is like I s e sh nds, y f shley iguez : 17:09 Yes, ex e t in ccident, m e you c ee consult t Ste t 281-783-3934. e’d love to just e ll of you t J Guss : 17:24 Yep, no commitment, no cost fo tion. If n help you g t. If not, no p e’ d to just give you some info. od nk you fo e n the l .