Matthew Patel said:
bearister said:
Matthew Patel said:
bearister said:
BearForce2 said:
bearister said:
Whatever the reason, The Razor settled for $4,000,000
That wasn't too long ago, around 2013. How much of that goes to legal fees typically?
Our contingency fee agreement provided for 33% of any settlement and 40% after trial. Costs come off the top before the fee is calculated (lawyers usually advance the costs).
And lawyers always inflate the costs.
Some may pad their hours when on an hourly fee basis, but costs are supported by invoicing from 3rd parties (like court reporters, clerk's office, and expert witness fees) so you would have to be a big time crook to inflate costs. Yes, padding hours is illegal, but some unethical lawyers do it because it can be hard to prove.
All lawyers pad their costs. They bill at their usual rate for tasks that don't require a law degree. Like how long it took to write something when they were spending 90% of that time posting on this site.
You are still confusing costs with fees. A cost is when the attorney pays a 3rd party to provide a service in connection with the case. Any charge paid to the clerk's office (filing fee for complaint, motion fee, jury fees, etc) is also a cost. As you know, I'm retired, so I'm not f'ing anyone...and never did.....and remember, for every crooked lawyer, there is a stable full of unethical business clients trying to cheat the system.
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