Sentences with phrase «contingency fee account»

Not exact matches

Justice Goepel reduced the fees to $ 5 million by recognizing that lawyers are entitled to larger fees in contingency fee arrangements and takes into account the risks the lawyers undertook in the file.

It is not unusual for law firms to negotiate split - fee agreements that account for lawyers moving on after they have worked on contingency fee matters, Toronto business lawyer Bill Northcote tells Law Times.

That's why we created FileTracker, an innovative and collaborative proprietary system that manages workflow and account processing and allows for fixed - fee and contingency billing models for our insurance clients.

The Canada Revenue Agency, in an update to its website on April 28, stated that the elimination of billed - basis accounting is not expected to affect contingency fee arrangements, where the terms and conditions of such arrangements are bona fide.

An Act to improve access to justice by amending the Solicitors Act to permit contingency fees in certain circumstances, to modernize and reform the law as it relates to limitation periods by enacting a new Limitations Act and making related amendments to other statutes, and to make changes with respect to the governance of the public accounting profession by amending the Public Accountancy Act

It is not unusual for law firms to negotiate split - fee agreements that account for lawyers moving on after they have worked on contingency fee matters, Toronto business... Read more

In addition to maintaining separate trust accounts, when strata fees that include contingency reserve funds or special levy payments of a section are received by the brokerage, the brokerage must transfer the portion of the fee that relates to the contingency reserve fund or special levy to the contingency reserve fund trust account or special levy trust account of the section, as the case may be, within the time period set out in section 7 - 9 (4) of the Rules.

You must account for contingencies such as vacancy periods or unexpected maintenance costs: you should allocate approximately 10 % of your property's value for costs such as taxes, maintenance and management fees.