The appellants sought an interpretation of their retainer agreement with the respondent law firms, arguing it was a contingency fee agreement capped at one-third of any favourable result.
The respondents contended it was a "pay-as-you-go" agreement based on hourly rates, with a potential premium.
The application judge found it was a "pay-as-you-go" agreement with a reduced hourly rate and a premium, where only the premium was capped, not the hourly fees.
On appeal, the Court of Appeal upheld this decision, finding no error in the application judge's interpretation.
The Court affirmed that the application judge correctly applied principles of contract interpretation, including considering surrounding circumstances while ensuring they did not overwhelm the clear wording of the agreement.
The appeal was dismissed with costs.