Credit: alexx_60 / Adobe Stock Big Law Takes Bigger Bet on Contingency Fee Practices
Kirkland, Crowell, Quinn and Susman Godfrey, among others, have all had financial gains from contingency fee cases. "We've seen a noticeable increase in interest in building out plaintiff side practices," said Evan Meyerson, at Burford Capital.
March 21, 2024 at 10:00 AM
6 minute read
The original version of this story was published on National Law Journal
What You Need to Know
- There's a growing appetite in Big Law to built out contingency practices.
- Crowell & Moring, Susman Godfrey and Quinn Emanuel have cited contingency work in relation to their financial performances in recent years.
- The 2024 Citi Hildebrand Client Advisor noted higher proportions of revenue derived from AFAs, which includes contingency work.
In a quest to maximize profitability, Am Law 200 law firms have grown their share of business tied to contingency fees, a gamble that has paid off for some firms in recent years.
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