Costs On Agreement
By : Nicole -
Fortunately, the Supreme Court of Queensland recently issued a decision this year that, as a ratio, ruled that an otherwise orthodox hourly cost agreement, which contained the following special condition, was effective and did not violate the principle of compensation: a conditional cost agreement is similar to what is often referred to as “No Win, No Fee”, but the main difference is the clause to increase lawyers` fees, which are to be levied up to 25% in case of success. Whether a conditional fee agreement is appropriate for your case depends on the circumstances of each case and you should discuss this possibility with your lawyer at the beginning of a case. The Legal Services Council has prepared a fact sheet on cost agreements, which is available on its website. A conditional fee agreement is concluded if the registry agrees to receive payment of its attorney`s fees only after the right has been successfully concluded. In other words, the payment of attorneys` fees is linked to a successful outcome. Under these conditions, 25% of the additional lawyer`s fees may be charged, since the risk is borne by the law firm for several years and the payment depends on a positive result. But two things are interesting.