Why Clients Should Consider Contingent Fee Arrangements
Many clients dread calling their lawyer to ask important questions out of fear that the moment their lawyer picks up the phone the billing clock starts in six minute increments. The vast majority of lawyers follow the time honored tradition of billing hourly for their time, which leads many clients to become frustrated with enormous legal bills that do not reflect the actual value added to their cases. The contingent fee arrangement is designed to mitigate against this problem by re-aligning the incentives so that lawyers are compensated based on results, not time spent working on the case.
515B Warranties’ Teeth Upheld by the Minnesota Court of Appeals
The Minnesota Court of Appeals recently issued an important decision in a construction defect action brought by a condominium homeowners association: 650 North Main Ass’n. v. Frauenshuh, Inc. et al, 2016 WL 4420781 (Minn. App. Aug. 22, 2016) (net yet published in N.W.2d). In its lengthy (19 page) opinion, the court clarified several important legal and procedural aspects of the “515B warranties” given to HOAs and their members by the Minnesota Common Interest Ownership Act (“MCIOA”).