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?
a. Hourly fee
b. Contingency fee
c. Fixed fee
d. Administrative fee

Respuesta :

Answer:

The correct answer is b. Contingency fee

Explanation:

Contingency fee agreements are generally used in cases where a victim seeks monetary damages due to an injury. There is an agreement called a contingency fee agreement, which allows an individual to obtain legal representation without having to pay in advance. Instead of having to pay in advance, the client will agree to pay the lawyer a percentage of what is guaranteed in case he wins the case. The contingency fee agreement will include any circumstances of payment and the amount of money the lawyer will charge at the end of the case.

The concept of having a contingent fee agreement is that the plaintiff will not have initial expenses. This should help relieve some of the stress that comes with being a victim of personal injury. The client will not pay any legal fee unless and until he wins and his lawyer will receive a percentage of the recovery based on his fee. There will be no legal fees for the lawyer if he does not win the case.