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Contingent Fee Litigation in New York City
- Source :
- Vanderbilt Law Review. November, 2017, Vol. 70 Issue 6, p1971, 22 p.
- Publication Year :
- 2017
-
Abstract
- 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 a 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.<br />INTRODUCTION 1972 I. RETAINER AND CLOSING STATEMENTS 1972 II. SETTLEMENT RATES 1981 III. AMOUNTS RECOVERED 1985 IV. FEES AND EXPENSES 1988 V. THE DEMOGRAPHICS OF TORT CLAIMS 1989 CONCLUSION 1992 [...]
Details
- Language :
- English
- ISSN :
- 00422533
- Volume :
- 70
- Issue :
- 6
- Database :
- Gale General OneFile
- Journal :
- Vanderbilt Law Review
- Publication Type :
- Academic Journal
- Accession number :
- edsgcl.526002618