Whistleblower award splits


anonymous

Guest
Is there ever a situation that can arise when your lawyer takes a high % of of your reward and their costs are excessive enough to cause you to pay taxes on the entire settlement which you cant actually afford since you didn't receive but a small amount?
 


The typical contingency fee for whistleblower counsel is generally between 33-40% so it would be very difficult to encounter a scenario like the one described. If its helpful, here's a link to an article discussing the potential tax ramifications of whistleblower rewards in more detail: Whistleblowers Can Face Tax Problems

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