Logan Advisors was hired in 2000 to manage part of the portfolio in Patriarch's first fund and was promised a monthly fee and a back-end success fee.
Under the system planned by ministers, the defendant would no longer be responsible for paying the success fee of a claimant's solicitor and the money would come out of any compensation award.
Just imagine how much more investigation brokerage firms would do concerning all the garbage that they touted if they had to guarantee customers against loss of principal or if they were only going to get paid a success fee from profits.
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Also, anyone suing for accident damages with the help of a no-win, no-fee lawyer - known as a conditional fee arrangement - will in future have to pay their lawyer's success fee from their own funds if they win their case and not add it to the bill of the losing party.
The success of many fee-only firms is aligned with the success of our clients.
It is common for these funds to charge a performance fee, based on the success they have pursuing their investment strategy, in addition to an asset-based management fee, based on the amount of money provided by investors.
They get paid for their time, immediately, and they take little risk: their fee is not linked to business success.
The PDUFA user fee program has been a great success over the past two decades, as the increased funding from the pharmaceutical companies has allowed the FDA to add about 200 staff members and reduce the drug review process by nearly half.
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But BTIG analyst Richard Greenfield thinks that if House Of Cards is a success, Netflix could also start demanding a fee from the broadband suppliers that plug their fat pipes into our homes and let us stream House Of Cards in the first place.
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There is no shortage of lawyers willing to take on a contingency fee case with a reasonable chance of success and the possibility of significant recovery.
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Writing off the costs each year would substantially boost their after-tax income and increase the attractiveness of contingency-fee cases as an investment, much as tax writeoffs on drilling expenses dramatically increase the odds of financial success in the oil and gas business.
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