class actions, disabled rights, copyright, attorneys general, online speech, law schools, obesity, New York, mortgages, legal blogs, safety, CPSC, pharmaceuticals, patent trolls, ADA filing mills, international human rights, humor, hate speech, illegal drugs, immigration law, cellphones, international law, real estate, bar associations, Environmental Protection Agency, First Amendment, insurance fraud, slip and fall, smoking bans, emergency medicine, regulation and its reform, dramshop statutes, hotels, web accessibility, United Nations, Alien Tort Claims Act, lobbyists, pools, school discipline, Voting Rights Act, legal services programs
 Subscribe Subscribe   Find us on Twitter Follow POL on Twitter  
   
 
   

‹ ARTICLES

Effective Hourly Rates of Contingency Fee Lawyers: Competing Data and Non-Competitive Fees

Lester Brickman, 81 Wash. U. Law Q. 653 (2003)

Defenders of our current litigation finance system sometimes claim that once one adjusts for the risk of nonpayment, contingency fee attorneys earn fees comparable to those of their defense counterparts. In this empirical investigation, Prof. Brickman concludes to the contrary that the effective rates of the top quartile of contingency fee lawyers amount to several thousand dollars an hour. He also concludes that effective hourly rates have increased an inflation-adjusted 1400% over the past 40 years.




categories:
Attorneys' Fees and Ethics









 

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.