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The contingency fee is the best type of fee arrangement for lily as she would like to sue for compensation, but does not have enough funds on hand to retain an attorney on her own.
What is a contingency fee?
Contingent fees, often called contingency fees or conditional fees, are any fees for services provided that are only paid if a favorable outcome occurs. Despite the fact that this allegation can be used in a variety of professions, it is most usually associated with the practice of law.
A contingent fee is a cost associated with legal services that are only charged if a lawsuit is won or a favorable settlement is reached. Contingent fees are sometimes represented as a percentage of the settlement amount that the client receives. Contingent fees may make it easier for people with less financial resources to seek their civil rights because one must be wealthy enough to start such litigation in the first place in order to sue someone for a tort. Although there are risks involved with taking cases on a contingency basis, attorneys won't do so unless they believe there is merit to the case.
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