What is the name of your state? Illinois
On a contingent fee basis, it always appears that the client is ultimatley responsible for out of pocket costs, why? If a attorney is getting 25% to 40% of a huge settlement, why should the the client be required by state law to pay for out of pocket costs? Is there such a law, or is it just convention of lawyers to avoid spending their own money? And if there is such a law, what is the logic since I can't see any ethical reason why, but I can see a monetay one.
On a contingent fee basis, it always appears that the client is ultimatley responsible for out of pocket costs, why? If a attorney is getting 25% to 40% of a huge settlement, why should the the client be required by state law to pay for out of pocket costs? Is there such a law, or is it just convention of lawyers to avoid spending their own money? And if there is such a law, what is the logic since I can't see any ethical reason why, but I can see a monetay one.