I sent this letter to my firm today asking for a fee reduction. What do you guys think?
Shout out to google's Gemini
I am writing to formally request a reconsideration of the current fee structure for my case. Specifically, I am asking to reduce the contingency fee from 40% to 25%.
My request is based on the significant costs already incurred and the nature of the work performed to date. To this point, I have paid the firm nearly $25,000. During this time, the firm has not been required to appear in the courtroom. If Judge Houser’s estimates are correct, a 25% fee on future disbursements could still result in a total compensation of $90,000 to $150,000.
When combined with the $25,000 already paid, the total amount is staggering and appears to far outweigh the itemized tasks and hours spent handling my case. I value the work your firm has provided me with. XXX XXXXX and XXXX XXXXX's help has been exceptional. Though, I believe a 25% rate is more reflective of the balance between the recovery amount and the actual labor involved.
I ask that you please respond to this proposal within the next 10 business days. I look forward to reaching a mutually agreeable arrangement so we can continue focusing on the successful resolution of this matter.
Best regards,