I saw a paper on SSRN last week by Professor Lester Brickman on Effective hourly rates of contingency-fee lawyers and it made me start to think about the presence or absence of free market incentives for legal fees. One of Professor Brickman's points is that lawyers do a good job at screening the winners from the losers when they select cases and therefore they are not taking on the kind of risk that one would expect. Now the ABA is thinking maybe there is something wrong with the system of contingency fees.
Recent Comments