Philip J. Iovieno, partner with Cadwalader. Courtesy photo Expanding Contingency Fee Practices: Best Practices
Philip Iovieno, co-chair of Cadwalader's antitrust litigation group, shares his perspective on best practices in building contingency fee practices, drawn from an interview with legal finance company Burford Capital. He focuses on why firms are pursuing more contingent work; best practices for lawyers and law firms making this transition; and how law firms should manage the additional risk that comes with contingency fee work.
August 01, 2023 at 10:00 AM
13 minute read
Best Practices
Factors motivating firms to move in the direction of more risk sharing and more contingency work: There are two major factors driving this.The first is client-driven. The first antitrust opt-out litigation that I worked on was in 2007 involving price-fixing of LCD screens. If you looked at the companies that opted out of the class in 2007, it was a small group.
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Who Got The Work
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