What is a management fee for a plaintiff in a personal injury action?
British Columbia, Canada
The following excerpt is from Pearson v Whiteside, 2018 BCSC 1246 (CanLII):
A management fee is to compensate a plaintiff for the cost of managing and investing lump sum damage awards for loss of future earning capacity and cost of future care. It is awarded to ensure that a plaintiff’s award is not eroded by the expense for professional management, or exhausted prematurely as a result of a plaintiff’s inability to adequately invest his or her award: Lines v. W & D Logging Co. Ltd., 2009 BCCA 106 at paras. 108-109.
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