Meanwhile, Stephen Parry from the legal team at The Co-operative Group says that fixed and
capped fees work well for transactional work but when it's for something non-transactional and hourly fees are used, it is difficult to have a pragmatic conversation with a law firm about how much a matter is going to cost.
Not exact matches
How exactly will that
work without an explicit
cap on
fees?
«Yet as a private college, finance for college
fees is
capped at # 6,000 [per year](not the # 9,000 for the state sector) and overseas students are denied the opportunity to
work, where this is not the case with publicly funded institutions.»
Chelsea, Juventus and Paris Saint - Germain have all registered interest in Teixeira, who has not been
capped by Brazil but would be almost certain to obtain a
work permit under new criteria that considers transfer
fee, wages and Champions League experience in applicants from outside the European Economic Area.
That
works out to a sky - high gas yield of 5.25 % (albeit
capped) at the highest tier, which is unmatched for no - annual -
fee credit cards we've seen.
There's a
cap on carbon, and a
fee on carbon, and «compliance flexibility for major emitters,» but it's not clear how all those pieces
work together.
In addition, Jamie has particular experience of
working on cases under Contingency Agreements, Conditional
Fee Agreements, and Damages Based Agreements (often with the benefit of After the Event Insurance), and regularly negotiates and agrees fixed,
capped and staged payment arrangements.
The law society's Advertising and
Fee Arrangements Issues
working group had been looking at a possible
cap on contingency
fees, but it decided against it because of concerns it might deny some victims benefits and reduce claims in some cases.
The LSUC's Advertising and
Fee Arrangements Issues
Working Group released an interim report Monday that identified potential recommendations — including a
cap — to make contingency
fees more fair and reasonable.
We are always willing to consider alternative methods of charging, for example
capped fees for distinct parcels of
work.
Hybrid arrangements (e.g., hourly rate +
fee cap) can also
work.
Also, setting of a
fee -
cap may result in the unwillingness of a firm to undertake marginally unprofitable
work that may be important in achieving the result desired by the client.
An increasingly common option is for solicitors to fix separate
fees for each stage of the case and to
cap the number of hours of
work that will be covered within a fixed
fee.
If necessary, other projects can be handled on an hourly basis but with discounted rates and
capped fees based on estimates before legal
work begins.
If the lawyer bills 50 or fewer hours, he will merely be paid for his
work the same as if there were no
cap on
fees.
We get even closer to delivery cost with the LFiT question (page 65) «In your law firm, are discounted,
capped or alternative
fees routinely linked to changes in how the
work is staffed and delivered?»
In most matters, we can
work based on regular hourly billing, quoted billing
caps or fixed legal
fees.
Referrals to and from those firms have increased five-fold in the past year, while invitations from clients to pitch for
work in Africa have almost doubled, aided by the firm's flexible and transparent payment structure that allows for
capped fees and blended rates.
On the other hand, the intermediary retains some control over the way independent workers perform their
work, such as by setting their
fees or
fee caps, and they may «fire» workers by prohibiting them from using their service.
As per the revised process of September 2012, any fund management entity with sound technical qualification could enter the ring till the time they are comfortable
working with the
fee cap of 0.25 percent of the resources under the fund management.