English, Article edition: CONTINGENT AND NONCONTINGENT ATTORNEYS' FEES IN PERSONAL INJURY CASES JOSEPH M. FISHER

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Bookmark: http://trove.nla.gov.au/version/184958
Physical Description
  • article
Language
  • English

Edition details

Title
  • CONTINGENT AND NONCONTINGENT ATTORNEYS' FEES IN PERSONAL INJURY CASES
Author
  • JOSEPH M. FISHER
Physical Description
  • article
Notes
  • Fee structures determine the economic incentives for lawyer performance. A certain hourly fee promotes excessive legal work, while a contingent fee leads to insufficient attorney effort. Competition among lawyers for enhanced reputation helps mitigate these effects, though client welfare still is not maximized. Clients' monitoring of attorney conduct often is necessary, but the expense of such monitoring limits its usefulness. This study concludes that the contingent fee may be a second-best solution to the problem of regulating lawyer performance. Copyright 1988 Western Economic Association International.
  • RePEc:bla:coecpo:v:6:y:1988:i:3:p:108-121
Language
  • English
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