For Old Tang, this case must have come as a pleasant surprise.
The lady is a resident of Yuefu Residential Complex, surnamed Wu, almost fifty years old, also a local Jingzhou native who was affected by urban redevelopment, with some idle money at home.
It can only be said that the urban village transformation back then made many local Jingzhou people wealthy.
Now, the problem they encountered is that she and her husband bought into a stock investment fund managed by Jingzhou City's Guangming Bank, initially spending one million two hundred thousand.
As a result, in less than three years, they suffered a loss of about five hundred and eighty thousand...
The money from the redevelopment was a one-off, so losing so much all at once is definitely hard to accept.
Ever since redeeming the fund last year, Mrs. Wu has been depressed, and her husband, Mr. Zhang, had a heart attack and was hospitalized, now his health is not good.
They have talked to the bank many times, but to no avail.
According to the bank, they had already reminded you before buying that investments carry risks, and this fund in particular has a high risk.
Moreover, you signed all the contracts and relevant notifications yourself, so now to come to us after losing money doesn't make sense.
After going to the bank several times and complaining to the former Banking Regulatory Commission without result, Mrs. Wu and her husband had resigned themselves to bad luck.
But then, out of the blue last year, Tang Fangjing appeared!
Not only did he drive the previous property management away from Yuefu Residential Complex, but he also managed to distribute money to the residents!
This was a huge shock for many homeowners.
So, after discussing it with Mr. Zhang, Mrs. Wu decided to come and ask Old Tang to see if there was any chance of a turnaround; otherwise, the situation would remain a constant worry for the couple.
It was no surprise that Lawyer Tang agreed to take on the lawsuit, and even willing to work on a contingency basis!
"Lawyer Tang, this... you won't be wasting your effort, right? We've consulted many law firms before, they all charge a lot, and they told me that the likelihood of losing is high," Mrs. Wu said hesitantly.
When they first approached the bank, the staff's attitude was quite good, but it deteriorated over time, and they would be unwelcoming whenever the couple visited.
They plainly told them, if you think there's something wrong on our part, we suggest you take legal action.
The couple had consulted many law firms, but with no results, the charges were high, and the likelihood of losing significant, under these circumstances, nobody wanted to go to court.
Now, Lawyer Tang is saying he will take on the lawsuit for free unless they win!
Keep in mind, the couple had already written off that money, so to have such an opportunity was like pie falling from the sky!
Upon hearing this, Old Tang smiled and said, "Don't worry, this is the essence of contingency representation; we take on the risk, and if we lose, there's nothing to talk about."
"But if we win, our firm also stands to profit significantly, rest assured, I have a plan," he continued.
Old Tang wasn't surprised by the couple's plight.
When the couple invested in the fund, many of the regulations were not yet complete, unlike now, where you must have "dual recording" in place.
However, it's not always certain whom this "dual recording" benefits.
Previously, many commercial banks were selling these financial products without much concern for risk; as long as you signed the contract and paid the money, that was all that mattered.
It is remarkably similar to the insurance industry, where agents make extravagant promises when selling, and many things are explained in a vague way, leading to misconceptions.
But when it comes time for compensation, suddenly it's a different story, leading to the classic complaints of "they won't compensate for this, or for that."
Among the customer base, many older investors have been coaxed into willingly buying financial products and insurance, becoming the favorite clients of sales agents...
As for the lawyers in Jingzhou, Old Tang, to be honest, although he means no disrespect, admits that their level is quite a bit lower than in The Capital or Magic City.
For instance, cases related to finance, intellectual property, or international issues.
These cases require extremely specialized abilities, not something an average lawyer can handle.
Thus, it's normal that Mrs. Wu couldn't find any lawyer in Jingzhou brave enough to work on a contingency basis.
But Tang Fangjing is different; in his previous life, there was a period when he was like a madman, touching all kinds of unfamiliar areas to make money, and the financial sector is universally acknowledged as lucrative!
He had dealt with cases of financial product loss and subsequent claims more than once in his past life!
Therefore, after hearing the whole story from Mrs. Wu, Old Tang determined that this case had potential!
Fifteen percent may not sound like much, but Old Tang plans to use this case to make a name for himself!
In the future, he can take on similar financial cases at Tengda!
As he pored over the contracts and risk notifications provided by Mrs. Wu, Old Tang then said, "Let's do this, Sister Wu, let's sign the contract first, and I'll take care of the rest."
Soon, a draft agreement was placed in front of Old Wang.
Old Wang glanced at it and was ready to sign right away, but he paused just before doing so: "A financial case? Old Tang, what are you up to now?"
A normal lawyer always has areas of expertise and areas in which they are less skilled because the specialized knowledge in various fields is vast and complex; even if you specialize in one area, you might not excel at it.
All this time, he had come to understand Tang Fangjing, who seemed to be skilled in employment law, certain areas of civil law, and criminal law.
And now you've brought me a financial case!