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Re: Kaizenman post# 609440

Thursday, 07/13/2023 10:20:29 PM

Thursday, July 13, 2023 10:20:29 PM

Post# of 704240
A typical contingency fee could be on the order off 33% or so - but sometimes less if it is a big case. If the law firm believes that the likely pay out will be very large, say something like $1B or more, they may very well settle for less - say 25% or so on a likely $1B - that still leaves the law firm with a pretty hefty fee of a quarter of a BILLION $. This will particularly be true if they believe the case will settle, thus involving much less work for them. Not to mention the huge advertising worth for the firm handling such a huge and visible case.

I should add that while it seems that the standard "wisdom" on the BB is that the case was taken on a contingency basis, I have yet to see ant official acknowledgment that such is the case.
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