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- W2148077986 abstract "It is commonly thought that a lawyer working under a contingent fee arrangement has an excessive motive - relative to his client's interest - to settle the case, leading to a lower-than-desirable settlement amount and a high settlement rate. The conventional analysis that generates this conclusion omits an important consideration - that if the case were to go to trial, the lawyer would spend an inadequate amount of time on it. We demonstrate that once this effect is taken into account, the lawyer could have an insufficient motive to settle, the opposite of what is usually believed. Specifically, the lawyer's settlement demand could be too high and the resulting settlement rate too low." @default.
- W2148077986 created "2016-06-24" @default.
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- W2148077986 date "2003-01-01" @default.
- W2148077986 modified "2023-10-05" @default.
- W2148077986 title "A Note on Settlements under the Contingent Fee Method of Compensating Lawyers" @default.
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- W2148077986 doi "https://doi.org/10.2139/ssrn.286055" @default.
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