#contingency fee settlements

$185 Million Reasons Why You Might Not Want To Use The Billable Hour

While accepting that I’m not smart enough to understand how this all works, I also question why this is even material: “The $185 million legal fee represents a multiplier of 18 times the firm’s average hourly rates (around $1,000) and the 10,000 hours it said it spent on the matter—which would amount to more than $18,000 an hour.” ‘Quinn Emanuel’s $185 Million Fee Award Poised for More…