Home | Business News | Browse by Publication | T | Trial

Contingent-fee caps don't achieve 'reform' goals, study finds.

Publication: Trial
Publication Date: 01-DEC-05 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Capping contingent fees isn't helping accomplish tort "reform," according to a study published by the conservative American Enterprise Institute. (Two Cheers for Contingent Fees (Aug. 2005).) Two economics professors found that restrictions on contingent fees are unjustified, produce unintended negative consequences, and "will most likely tend to wash more low-value 'junk suits' into the legal system." Also, they found, the fees do not cause higher awards.

"This is a significant study because it comes from an unusual source: supporters of tort restrictions," said Bob Peck, president of the Center for Constitutional Litigation in Washington, D.C. "The economists who wrote this study went beyond anecdote and biased assumptions and looked at the data to find that the contingent-fee system works...

Access Full Article, Compliments of Goliath

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Trial
Night blindness is a disability under the ADA, says Second Circuit., December 01, 2005
ATLA members' code of conduct.(Association of Trial Lawyers of America..., December 01, 2005

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.