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?

No comments:

Post a Comment