Sentences with phrase «contingency arrangement»

A contingency arrangement refers to a planned course of action that is made in preparation for a possible future event or situation. It is like having a backup plan in case something unexpected happens. Full definition
In most contingency arrangements, the lawyer typically asks for a percentage of the final settlement amount.
In addition to our standard hourly billing, we offer flat fees, blended rates, partial contingency arrangements and capped fees.
Assurances can be reinforced by contingency arrangements, including the use of special forces.
Whatever your view on Brexit, a well - prepared organisation should still be thinking about potential implications and putting in place contingency arrangements across a wide range of scenarios that affect most if not every part of its business and operational activities.
«The problem with pure contingency arrangements is that any and all advice prior to a deal is perceived as free and is often treated that way,» says Robb.
Today the FPSO is shut down but we've made contingency arrangements and we are firing most of the power plants using crude oil and providing enough electricity for our people because we've done the structural changes that would ensure that the utilities can continue to provide us with power.
Council official Mr Kerr said: «We were unable to have the time to put contingency arrangements in place to ensure pupils could continue their education.»
Much is made of the «multiplier» provision of the Act, which this counsel portrays as the only permitted contingency arrangement.
Contingency arrangements obviously have benefits, allowing aggrieved parties to file suits they otherwise couldn't afford, and incentivize attorneys only to take cases that they believe are winnable, but when large sums of settlement money are dangled in front of attorneys, it raises questions about judicial processes that encourage legal professionals to settle for the short - term less - than - ideal resolution at the possible expense of the long - term interests of their clients.
Also, I expect that Access Canada will have to find lawyers (s) prepared to take this one under some sort of contingency arrangement.
Supply Chain Management, including Production Scheduling and Dual Sourcing to enable just in time delivery and contingency arrangements to facilitate continuity of supply which means less risk for you.
Even if claim 1 is true, this also assumes there are no contingency arrangements (which would seem to be sensible) in place for the existing / former government to continue to function until the new one is formed - and in particular, it assumes that any authority those representatives did have before the election lost it afterwards.
Generally we focus our attention on the mechanics of common structures, such as volume based discounting, contingency arrangements, flat fee billing, success fees or secondments.
A contingency arrangement was not a true joint venture because the parties are not equal and the lawyer owes a fiduciary duty to the client.
The Court of Appeal for British Columbia released a scathing judgment in Mide - Wilson v. Hungerford Tomyn Lawrenson and Nichols on New Year's eve, upholding a Supreme Court decision earlier in the year which had reduced legal fees in a contingency arrangement from nearly $ 17 million to $ 5 million, in the interest of maintaining the integrity of the legal profession.
The defendant client proposed that contingency arrangements, although used to facilitate access to justice, was a contract governed by equitable, fiduciary, and public policy considerations that can and should override the terms of the agreement where the circumstances are warranted.
They suggested that contingency arrangements should be perceived as a joint venture with a client, and indicated that allowing the decision to stand would deter other lawyers from taking on large, complex or risky files.
Justice Belobaba suggests that contingency arrangements should be presumptively upheld, and granted counsel's request for a one - third fee award.
2 When I talk about a reduced rate, I don't mean to include something like a contingency arrangement.
An attorney may be willing to work with you under what is called a contingency agreement or a contingency arrangement.
Examples are reduced hourly rates with a bonus based upon results achieved or standard hourly rates charged up to a specified time / dollar value and a contingency arrangement thereafter that dollar value has been reached.
«The work we've done leads us to conclude that the contingency arrangement is not well understood by clients, is overly complicated, doesn't align interests and may not have sufficient checks and balances to ensure reasonable fees,» says Bencher Malcolm Mercer, chairman of the working group.
A thorough search leads you to a lawyer who will take the case on a contingency arrangement, with you and the lawyer taking a share of the proceeds of any settlement or judgment.
4 Nov. 22, 2010)(certified for publication), a tax attorney specialist contracted with clients under a contingency arrangement by which he would receive a set stipend fee for a defined number of months plus a «success fee» of either 1 - 2 % of certain specified reductions if he was successful in getting some adjustments to taxable income treatment for the clients.
Examples are (a) reduced hourly rates with a bonus based upon results achieved, (b) standard hourly rates charged up to a specified time / dollar value and a contingency arrangement thereafter that dollar value has been reached.
How does a contingency arrangement work?
Although it seems as if the car accident lawyer is taking all the risk in a contingency arrangement, many are quite willing to offer such an arrangement in exchange for a potentially larger fee.
Examples are: Reduced hourly rates with a bonus based upon results achieved; and Standard hourly rates charged up to a specified time / dollar value and a contingency arrangement thereafter that dollar value has been reached.
Fee caps also handcuff state Attorneys General, many of whom are underfunded and understaffed and / or can't hope to take on big industries without hiring outside counsel under a contingency arrangement.
Most Ottawa personal injury clients choose the contingency arrangement because they can not afford to pay a lawyer an hourly rate.
In a contingency arrangement, you only pay your lawyer if you win.
When a law firm breaks up or a lawyer leaves to start a new practice, there are always clients, contingency arrangements, and hourly cases to split up.
In a contingency arrangement, the law firm only makes money on a case if it settles or wins a verdict at trial.
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