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