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- W2298471142 abstract "Class action legislation is a relatively new phenomenon in several Canadian provinces. The state of the law, particularly in Ontario, is at a pivotal stage. We have a sufficient number of decided cases to draw some conclusions about how well the Class Proceedings Act, 1992 as it is currently being interpreted and applied is meeting its goals, but not so many decided cases that a settled approach has emerged to its application in the courts. In this article, I analyze a sample of twenty-seven reported Ontario class action decisions, focusing in particular on what the courts have done with respect to the approval of class counsel fees. I find that courts have by and large tended to use an enhanced method for compensating class counsel, whereby class counsel's base fee is adjusted with a multiplier to reflect the riskiness of the litigation. In the twenty-seven class actions I analyze, the average fee award per case is approximately $3 million, representing approximately 15 percent of the average settlement. The average multiplier is about 2.5. Under the current provisions of the CPA I argue that, given the incentives facing class counsel, a percentage contingency fee would be superior to the lodestar method, could more easily be monitored for abuses by judges, and would increase access to justice for potential claimants with independently non-viable claims." @default.
- W2298471142 created "2016-06-24" @default.
- W2298471142 creator A5043293895 @default.
- W2298471142 date "2007-08-29" @default.
- W2298471142 modified "2023-09-24" @default.
- W2298471142 title "Rethinking the Approval of Class Counsel's Fees in Ontario Class Actions" @default.
- W2298471142 hasPublicationYear "2007" @default.
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