Corporate firms try contingency; courtroom rivals of plaintiffs' lawyers are now competing with them for a piece of the action

Article Abstract:

Corporate counsel are experimenting with contingency fees, with their share of the recovery varying from 10 to 50%. The amount of risk involved determines the fee. The 1990s have seen a significant increase in such fee arrangements, due mostly to clients' demands. Reasons for this trend include the rise in the number of companies suing rivals and intellectual property suits filed by small businesses and individuals. Other factors include client fears that profits drive fees higher, greater supervision of outside counsel expenditures, and increased competition between outside corporate counsel.

Management, Attorneys, Lawyers' fees, Contingency fees

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'Winstar' litigants bet on future damages awards

Article Abstract:

Winstar litigation plaintiffs contended that bank failures due to a new federal law's change in the accounting of minimum bank capital requirements were a violation of the takings clause of the federal constitution. This new federal law was the Financial Institutions Reform, Recovery, and Enforcement Act and its bar on the inclusion of goodwill assets in a thrift's minimum capital requirements caused the worth of many to go down sharply. Several savings and loan associations are selling shares in possible judgments on the stock exchange, betting on their materializing.

United States, Cases, Bank failures, Savings and Loan Associations Bailout Crisis, 1987-

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