MarineLink News Search

Law Firm Billing on Trial

By E. Richard Ogrodowski and Frederick B. This means the plaintiff's lawyer only gets paid if the plaintiff wins, either through a settlement or judgment. The attorney's fee will be a percentage, typically between 33 and 40% of the recovery. With the U.S. and the international economy in a recession though, and with attendant tight corporate budgets, even corporate clients accustomed to paying by the billable hour are exploring alternatives to the traditional hourly fee.