Business Activity

Create a CFA

When an individual is seeking legal representation, but does not have the financial resources to pay for an attorney, they may enter into a conditional fee agreement (CFA). Under a CFA, the lawyer agrees to work for a reduced rate or no fee at all, contingent upon the success of the case. If the case is successful, the lawyer will receive a percentage of the damages awarded. CFAs are often used in personal injury cases, where the individual may not have the money to pay an attorney upfront, but could potentially receive a large sum of money if the case is successful.

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