Monday, February 04, 2008

Contingent fee research

Point of Law has a fascinating post about recent research into contingent fees.

Here's the's the paragraph that caught our eye, discussing why the standard 33% contingent fee does not represent market failure:

"[T]he standard rate endures in the market thanks to a process of assortive matching, that is, the process through which the plaintiffs with very strong cases contract with the very best lawyers, second-best cases are handled by second-best attorneys, and so forth."

And here's a link, so interested visitors can read the rest.

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