Yes. As long as the client receives compensation, the lawyer gets one-third, whether in open court, in closed chamber or out of court. That's his contingency fee, in consideration for waiving his regular fee.
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Singaporeans chose to sue in US due to a lack of confidence in Sg Courts
- Thread starter aurvandil
- Start date
Yes. As long as the client receives compensation, the lawyer gets one-third, whether in open court, in closed chamber or out of court. That's his contingency fee, in consideration for waiving his regular fee.
CNBC interview with partners of the law firms that are pursuing this class action suit for the Singapore investors. Key point in the interview is that they have bear the costs if they do not win. As such, they will not pursue the case unless they have a reasonably good chance of winning.
http://www.lioninvestor.com/pinnacle-notes-lawsuit/
http://www.lioninvestor.com/pinnacle-notes-lawsuit/
What do the lawyers lose if they lost the case? What do the lawyers win if they win the case?
It doesn't make any sense if 18 people can invest 154 million into minibonds and yet cannot afford a lawyer. Get the drift?
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