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Usually, a lawyer only "holds" it for as long as it takes to clear in his/her bank account. When a settlement is awarded in a lawsuit, the defendants who must pay have a specified amount of time to produce that money to your lawyer. In the case of my lawsuit, the people I sued had 90 days to send the check to my lawyer...who, then, had to wait for the check to clear in her account...then, she wrote a check to me for the settlement amount (minus attorneys' fees)...whereas, I had to wait for the check to clear in my own bank account. All in all, I was able to access my money around four months after we settled. Three to four months is indeed the average time for a settlement to actually be "settled" in connection with restitution

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19y ago

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