Photo of Bexis

Point of Law has a fascinating post about recent research into contingent fees.
Here’s the’s the paragraph that caught our eye, discussing why the standard 33% contingent fee does not represent market failure:
“[T]he standard rate endures in the market thanks to a process of assortative matching, that is, the process through which the plaintiffs with very strong cases contract with the very best lawyers, second-best cases are handled by second-best attorneys, and so forth.”
And here’s a link, so interested visitors can read the rest.