Bartlit Beck on Law Firms and Contingent Fees
There are frequent complaints that "contingent fee" lawyers are ruining business. Is is therefore refreshing to read Fred Bartlit’s writings regarding the reality that the firm’s great success for clients and the firm is tied only to fees based on the outcome. Thus, the fee is contingent on the outcome, but it may not be a typical contingent fee because if the firm is representing the defendant, it may be limiting the loss instead of seeking a recovery. Mr. Bartlit’s latest is this ABA Journal article.