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ARTICLE · 03 AUGUST 2018

Best Value For Money Contingency Fees?

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Best Value For Money Contingency Fees?

BermudaLitigation, Mediation & Arbitration

Wherever one goes in the world, one is sure to hear a conversation about lawyers' fees be it that hourly rates are too high, that timesheets are works of fiction or that the lawyers' share of any award is unpalatable. Lawyers must find a way to structure their fees in such a way as to be acceptable to their clients whilst maintaining the ability of even the most impecunious client to have access to justice.

I am going to talk about lawyers' fees from a plaintiff's perspective and the advent of contingency and conditional fees into a jurisdiction that has traditionally outlawed any kind of champerty. Whilst contingency or conditional fees may be operated on behalf of a defendant, experience tends to find that a defendant will be a corporation or commercial entity who are (un)happy to pay on an hourly rate basis. However, be aware that the corporate defendant will be wanting to see value for money and there has been much discussion in the legal marketplace over this

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