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attorney fees for diminished value claim. (advice needed)
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08-02-2011, 07:09 PM | #1 |
Aberry is a scammer
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attorney fees for diminished value claim. (advice needed)
Alright, so I'm in the process of filing a property damage/ diminished value claim for my 335i. The attorney that I will be working with is Michael Tompkins and the body shop is Haury's (Jeff Butler).
About a year ago my car was rear ended by some douche bag and he tried to flee the scene, long story short, I was able to find the drivers information, insurance, etc.. Damages came out to around 10k+. Even though the car was fixed, it will still never be the same car again... Especially for resale value.. It looks like its going to come out to around $500 to pay for the filing fees, etc that I have to pay the attorney. He says that he has a 80/20 chance to get me around 4-9k in settlement fees plus the $500 I paid for the filing fee. Granted that he is able to win, he will take 25% from the settlement. Of course, if he fails and gets nothing out of it, then I simply lose $500. This is the first time I'm fighting for a diminished value claim, what do you guys think? Should I go through with it or is it a long-shot. Cliff notes: I need to pay my attorney $500 for filing fees for the court for my diminished value claim, he thinks there is a 80/20 chance that he will be able to win. If he wins, I will get around 4-9k plus get reimbursed for the $500 filing fee. |
08-02-2011, 07:13 PM | #2 |
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I am in the same boat as you right now. I have a diminished value claim already started on my old bmw that was hit last month. I work for a P.I. Law firm that handles just this type of accident. Go for it.
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08-02-2011, 08:03 PM | #3 |
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I say go for it. Expected value of about $5,100 if his probabilities are accurate. And the worse that could happen would be you losing $500, a small price to pay for such a high payout.
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08-03-2011, 11:22 AM | #5 |
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Is it common/ normal for the attorney to charge for the filing fees from the start of the case? Most of the time don't they usually take it out of the settlement?
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08-03-2011, 12:24 PM | #6 |
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Depends. Some attorneys set you up on a "no bill" frequency others have you front the money. It just depends on their "billing style" and how strong they feel the case may be. I have an attorney who is all about no bill for every single client and then I have an attorney who bills clients monthly during their case.
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08-03-2011, 01:43 PM | #7 |
Aberry is a scammer
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Drives: SGM E92 335i, AM E90 335i
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I wonder if I should try and find someone else then.. The only reason I am going with this guy is because he contacted me first. Apparently Jeff at Haruy's is close with this guy.
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