VICTOR B. KENTON, Magistrate Judge.
Plaintiff's counsel has filed a Motion for Attorney Fees pursuant to 42 U.S.C. §406(b) ("Motion"). Defendant has filed a Response ("Response").
United States Magistrate Judge Victor B. Kenton ordered that Plaintiff's application for Social Security benefits be remanded to the Defendant Commissioner for further proceedings. On remand, the Commissioner granted Plaintiff's application for benefits. Retroactive benefits total $39,993.00 (Declaration of Laura Krank, ¶ 3, and Exhibit 2). Plaintiff's counsel seeks attorney fees pursuant to 42 U.S.C. §406(b) in the amount of $9,998.25 for her representation of Plaintiff in this matter.
The Commissioner has filed a Statement of Non-Opposition. The Court has carefully analyzed applicable factors as established in
Plaintiff's counsel brings this motion pursuant to 42 U.S.C. §406(b), which provides in relevant part:
In
122 S.Ct. at 1828 (emphasis added).
Plaintiff's counsel has provided to the Court a contingent fee agreement ("fee agreement") (
First, under the terms of the contingent fee agreement between Plaintiff and Plaintiff's counsel, Plaintiff's counsel would be entitled to fees corresponding to 25% of the back benefits awarded. Plaintiff agreed to the 25% contingency and the $9,998.25 award sought represents the agreed upon amount. The Court has no basis for finding that there was any fraud or overreaching by counsel in the making of the contingent fee agreement with Plaintiff.
Second, the $9,998.25 award sought by Plaintiff's counsel is not in excess of the 25% statutory limit. Indeed, as stated, the fee sought amounts to 25% of Plaintiff's recovery and comports with the terms of the contingent fee agreement between Plaintiff and her counsel.
Third, the procedural history of this case indicates that there is no excessive delay attributable to counsel which would unduly increase the back benefits accumulated during the pendency of the case in court. Thus, the Court has considered, pursuant to the holding of
Fourth, the Court has considered the number of hours expended by counsel in this case. Counsel indicates she expended 21.2 hours of attorney and paralegal time. These hours are consistent with general practice in cases such as this. Although Plaintiff's counsel has not provided a usual hourly rate for her services, this does not hinder the Court's analysis of the reasonableness of the claimed fees in this case. Considering that counsel's firm reasonably expended 21.2 hours in her court representation of Plaintiff, this would result in an effective hourly rate of $471.62 per hour. This amount is not inconsistent with an effective hourly rate awarded to attorneys in Social Security cases in this District, and is therefore found to be reasonable, in particular, considering also the expertise provided by Plaintiff's counsel in these matters.
Based upon the foregoing considerations, the Court finds and concludes that the $9,998.25 in attorney fees sought by Plaintiff's counsel is reasonable. The petition for $9,998.25 in attorney fees pursuant to 42 U.S.C. §406(b) is
Plaintiff's counsel shall refund the $3,800.00 in EAJA fees previously awarded upon her receipt of gross fees of $9,998.25.