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Contingent Fee Litigation in New York City

70 Vanderbilt Law Review 1971 (2017)
2017
  • 0
    Citations
  • 3,523
    Usage
  • 2
    Captures
  • 2
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Usage
    3,523
    • Abstract Views
      3,041
    • Downloads
      482
  • Captures
    2
    • Readers
      2
      • SSRN
        2
  • Mentions
    2
    • Blog Mentions
      1
      • Blog
        1
    • News Mentions
      1
      • News
        1
  • Ratings
    • Download Rank
      118,806

Most Recent News

New York Lawyers Charge Maximum Contingency Fee In Virtually All Cases, Study Shows

A trove of data revealing the contingency fees charged by New York City lawyers suggests that in virtually every tort case, lawyers charge the full one-third allowed under state regulations.

Paper Description

Since 1957, New York courts have required contingent fee lawyers to file “closing statements” that disclose settlement amounts, lawyers’ fees, an accounting of expenses, and other information. This article provides preliminary analysis of these data for the period 2004-2013. Among this article’s findings are that settlement rates in New York state courts are very high (84%) relative to previous studies, that very few cases are resolved by dispositive motions, that litigated cases and settled cases have almost exactly the same average recovery, that median litigation expenses, other than attorney’s fees, are 3% of gross recovery, that claims are disproportionately from poor neighborhoods, and that attorneys’ fees are almost always one third of net recovery, which is the maximum allowed by law.

Bibliographic Details

Eric Helland; Daniel M. Klerman; Brendan Dowling; Alexander Kappner

Tort; Contingent Fee; Litigation; Settlement; Selection; State Court; Expenses; Attorneys' Fees

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