Jack Parsons Finally Settled a Large Medical Malpractice Case on the Morning

Essay

Jack Parsons finally settled a large medical malpractice case on the morning that trial was scheduled to begin.The defendant's insurance company agreed that within one week,they would send Jack a check for the entire settlement in the amount of $500,000.Jack had agreed to represent the client on a contingency basis,in which he would take 33 percent of any settlement as her free.The trial team had also incurred substantial costs in preparing the case for trial.Under the contract,the client agreed to pay these costs.Outline the procedure that Jack must follow in handling the settlement amount once the check is received from the insurance company,based on the Model Rules of Professional Conduct.