Understanding Uplift Fees
Uplift fees are a fee charged by a lawyer or other representative assisting in the pursuit of a common law claim.
It is an additional fee which is charged on top of the professional fees for the work that is done.
The uplift fee is usually a percentage of the professional fees, set at up to 25%.
This means that if the professional fees are $10,000, the uplift fee would be $2,500, for a total of $12,500.
The purpose of an uplift fee is to provide the lawyer or other representative with a financial incentive to pursue a successful claim.
It is important to be aware of the uplift fee when considering whether or not to pursue a common law claim, as it can significantly add to the overall financial burden of the claim.
Weighing Costs and Benefits
When considering whether or not to pursue a common law claim, it is important to weigh the costs and benefits of the claim. The costs can include professional fees, the uplift fee, and other costs associated with the claim.
The benefits can include recovering the compensation that you are entitled to, and the satisfaction of knowing that you have been able to secure compensation for your injuries or losses.
"The cost of justice should not be a barrier to justice itself." - Ruth Bader Ginsburg