3 ms·
> They wouldn't have taken the case if the risk of losing was high Depends how you define high. 75% chance of winning is still a 25% chance of the lawyers wal
by AdamJacobMuller 6y ago
> They wouldn't have taken the case if the risk of losing was high
Depends how you define high.
75% chance of winning is still a 25% chance of the lawyers walking away with nothing. Lawyers who operate like this are effectively making a calculated investment of their own time (which could be money from paying clients) as well as associate and support time (which is money) and they do deserve to be compensated for their time and the investment must pay off above just directly time in (e.g. they have to be allowed to make profit here!).
While I don't LOVE the proportions with 60% of the money going to the attorneys, I don't know enough about the case to judge it and there are remedies if the plaintiff thinks their attorneys are inflating expenses.
- tgv 6y agoI've defined high as >= 30%, hence the expected win of .3 * 800k = 240k. That would still have been $150/hour.