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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

The information contained herein is for informational purposes only and is not legal advice or a substitute for legal counsel. Online readers should not act upon this information without seeking professional counsel. If you would like more information, or would like to speak to a member of Constantine Cannon’s whistleblower lawyer team, please contact us for a Confidential Consultation: https://constantinecannon.com/practice/whistleblower/team/.
 








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