Monday, September 14, 2009
Marketplace - Intermediaries - remuneration
Professional fees
- charges based on hourly rate
- ‘professional’ approach
- defendant pays costs regardless of whether a
structured settlement is achieved
Commission
- ‘no win : no fee’
- remuneration may exceed a reasonable hourly rate
for time spent
- uncertainty as to whether a structured settlement
will be achieved encourages defendant to prefer
this approach
- does plaintiff pay?
- charges based on hourly rate
- ‘professional’ approach
- defendant pays costs regardless of whether a
structured settlement is achieved
Commission
- ‘no win : no fee’
- remuneration may exceed a reasonable hourly rate
for time spent
- uncertainty as to whether a structured settlement
will be achieved encourages defendant to prefer
this approach
- does plaintiff pay?
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