Legal Question in Business Law in Virginia
contigency-fee
1 � What are some of the social benefits the contingency-fee system?
Asked on 1/18/07, 5:09 pm
1 Answer from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
Re: contigency-fee
One social benefit of contingent fee arrangements is that people of modest means can be represented by an attorney in court, for example if they are injured as a result of someone else's negligence. The attorney is wagering that he or she will earn a fee sufficient to pay for the work performed on the case -- and for the work performed on the attorney's other contingent fee cases that were lost.
Answered on 1/18/07, 7:23 pm
Related Questions & Answers
-
Valuation of company vs. Pricing of shares I am in the process of locating an... Asked 1/14/07, 11:55 am in United States Virginia Business Law
-
Business Law To be considered a independant contractor & NOT an employee what... Asked 1/12/07, 11:38 pm in United States Virginia Business Law
-
Selling My LLC Business I currently have an LLC internet business. I heard that... Asked 1/05/07, 11:44 am in United States Virginia Business Law
-
Civil lawsuit involving L.L.C. My husband used to own a construction company that... Asked 12/23/06, 1:18 pm in United States Virginia Business Law