Lily has suffered severe injuries from a car accident. She would like to sue for compensation, but does not have enough funds on hand to retain an attorney on her own. What is the best type of fee arrangement for lily?.

Respuesta :

The contingency fee is the best type of fee arrangement for lily.

What is a contingency fee?

Any fee for services rendered that is only collected if there is a favorable outcome is referred to as a contingent fee, also known as a contingency fee or a conditional fee. Although such a charge may be used in many different professions, it is most frequently linked with the practice of law.

A contingent fee is a fee levied for legal services that are only due if a lawsuit is successful or results in a favorable settlement, typically expressed as a percentage of the money the client receives as compensation. Because one must be rich enough to initiate such litigation in the first place in order to sue someone for a tort, contingent fees may make it simpler for persons with less financial resources to pursue their civil rights.  Although accepting cases on a contingency basis is not without risk, lawyers won't do so unless they think the case has substance because of the danger of loss.

To know more about contingency fees visit:- https://brainly.com/question/13447810

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