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Discount Rates and Present Day Values.
Discount rates are used to calculate the present day value of a loss of future income or cost of future care that is awarded as a lump sum in personal injury cases. The discount rate assumes that the lump sum will be invested and will earn enough income to create a sufficient stream of compensation for the injured party over the appropriate time frame, with the fund being fully exhausted at the end. This is one methodology of calculating and compensating future financial loss endorsed by the so-called 1978 “Trilogy” of...
read moreContingency Fees – FAQ’s.
What is a Contingency Fee Agreement? A Contingency Fee Agreement (CFA) is a contract between a law firm (or lawyer) and the client in a case where legal fees are payable as a percentage of the amount recovered as damages. Under a CFA, the legal fees are payable only if the case is successful. This means that, if the case is not successful, the client does not pay any legal fees. The CFA must be in writing and signed by both the client and the lawyer. What type of cases use a CFA? Mostly, a CFA is used in personal injury or wrongful death...
read moreHow are health records used in a lawsuit?
Overview If you suffer from an injury or disability, you will likely receive care from one or more health care practitioners. You will probably be aware that a health care practitioner typically makes records each time you see him or her. These records typically document your comments, the health care practitioner’s findings and the health care practitioner’s diagnosis and opinion. These records help both the health care practitioner who makes the records and any other health care practitioner who receives the records to provide appropriate...
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