jm.kahn Wrote:Why is A correct when it says "risk of pursuing legal action" whereas the passage only refers to "financial" risk in "risk of recovering those costs and of not obtaining the damages"?
There is a big difference in overall risk vs financial risk as the risk of pursuing legal action can include personal time/effort/stress etc.
I don't think we can eliminate (A) as a right answer just because it doesn't modify/specify the kind of risk that's being talked about. There could be countless types of risks -- emotional, time, energy, social, etc -- but the one that has constantly been mentioned and referred to in the passage is that of financial risk, so I think it would be reasonable, as a reader, to assume that when the answer choice says "risk," it is referring to "financial risk." Either way, it is not wrong to not specify which risk, since it is
still correct that the c-fee agreements transfer a type of risk.
I was hesitant with (A) because it combined two sentences (51-55), but I think it logically makes sense: contingency-fee agreements provide financing for the costs of pursuing legal action; the risk of not recovering these costs are shifted from client to lawyer. Therefore, the
risk of not recovering costs = risk of pursuing legal action. (A) states: c-fee agreements transfer
risk of pursuing a legal action from client to lawyer.
For (B), I kept it as a contender because I DO think that the fairness of the fee and what lawyers "deserve" is connected. But I think that we can eliminate (B) because it's making a descriptive or I guess prescriptive (future) claim, saying that uplift agreements "would normally not result in lawyers..." We don't actually know if uplight agreements would result in whatever or not. Remember, the uplift agreement is a
recommendation by the law commission; they HOPE that uplight agreements would normally result in fairness (or I guess, their sense of what fairness is). Lines (17-19): "This restriction is
intended to prevent lawyers..." Will it actually happen? Don't know.
(E) can be eliminated because it says "usually c-fee agreements...." We do not know what the
majority of c-fee agreements are like, ONLY what a specific type of agreement (uplift) are like, and even so, the answer is wrong because of the switch from "agreed upon % of fee" to "% of damages."