As described in the passage, the uplift fee agreements that the LRCWA's report recommends are most closely analogous ...

on November 8, 2018

question 21 reading June 2010

can you explain this one please

1 Reply

Jacob on November 9, 2018

I’m happy to help. This question stem wants us to find an answer that is most closely analogous to the “uplift fee agreements” (“UFA”) in the passage.

What do we know about the UFAs? We know it is a type of contingency fee, which calls for payment only if a lawyer is successful, and generally exceeds regular fees. We also know that UFAs specifically “require the client to pay the lawyer’s normal fee plus an agreed upon additional percentage” in the case of a successful outcome. So we need to find an answer that has something to do with payment when there is a successful result, and an agreement about some increase on the fee in that case.

Do you see why answer B shares those properties? The consulting firm also receives payment “only if it can substantially reduce” operating expenses (which is a successful outcome!) and in that case it gets paid double its usual fee (an agreement about some increase on the fee!)

Please let me know if any of the other answer choices still seem right given that analysis, and I’d be happy to walk through why it is incorrect.

I hope that helps!