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.

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Answered on 1/18/07, 7:23 pm


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