Defense Firms Venture Into Contingency-Fee Game

Law360, New York (May 21, 2008, 12:00 AM EDT) -- Defense law firms that were once wary of taking cases on a contingency-fee basis are becoming more open to payment arrangements that depart from the traditional billable hour as they face added pressure to compete for clients.

Contingent cases can introduce economic uncertainty into a law firm and may alienate some corporate clients that expect their defense firm to focus solely on defense work. Yet many defense firms are willing to assume a little more risk for cases that could potentially lead to multimillion-dollar jackpots....
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