For the Gross Calculations, “Attorney Recovery” is calculated by applying the attorney fee to the total settlement amount.
“Expenses & Disbursements” and “Liens & Medical Bills” are then subtracted from the subtotal, which yields the Plaintiff Recovery.
The “Gross Amount” for: “Attorney Recovery” can be calculated using the following
formula: Attorney Recovery = {(Settlement Amount) * (Attorney Fee Percentage)} – {(Expenses & Disbursements) + (Liens & Medical Bills)}
If there is an “Attorney Referral Fee”, then the formula is
Attorney Recovery = [{(Settlement Amount) * (Attorney Fee Percentage)} – {(Expenses & Disbursements) + (Liens & Medical Bills)}] * (1 – Attorney Referral Fee Percentage)
