How Would You Like to Pay for that? The Strategic Effects of Fee Arrangements on Settlement Terms
Posted: 16 Nov 2012
Date Written: 1996
American Lawyers are generally paid through either contingent fees or hourly fees. Under an hourly fee arrangement, the lawyer is paid a fixed dollar amount for each hour spent on the case. A contingent fee arrangement, on the other hand pays the lawyer a percentage of the final award of the client, regardless of the time spent on the case. This paper focuses on the strategic role that the choice of fee arrangement plays in settlement bargaining.
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