Rise Of The Small Firm Class Action Business Model

Law360, New York (May 26, 2015, 10:56 AM EDT) -- When corporate America is sued in a class action or is involved in other complex litigation, it predictably hires a "big law" defense firm for its representation. The firms on the other side of the "v." that prosecute many these cases today, however, may surprise you.

Gilded Age for the Plaintiffs' Class Action Industry

In the days of frequent $100 million securities fraud class action settlements, such as the cases involving Enron Corp., WorldCom Inc. and Tyco International Ltd., several large plaintiff class action law firms, rivaling their adversaries with hundreds of attorneys and major infrastructures, including 24/7 staffing, led the charge against...

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