Lawyers need not be contingent-fee villains
Article Abstract:
A new contingent fees system for reimbursing attorneys in class actions would defuse the nagging public fear that attorney fees are negotiated to get the case settled, with the plaintiff's attorney quick to sacrifice the class's interest to obtain their own reward. Also, with the old system contingent fees no longer seem so contingent by the time they are set because all parties want to settle the action quickly. Just as happens in real contingent cases, the contingent fee arrangement should be set at the beginning to yield whatever results it might produce at some unknown future date.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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Your right to counsel threatened
Article Abstract:
The Office of Thrift Supervision's (OTS) action against Kaye, Scholer, Fierman, Hays and Handler, former counsel to Lincoln Savings and Loan Assn, amount to a government effort to limit a client's right to counsel. The OTS maintains that attorneys who learn information supporting a theory on which the government plans to base an action against their clients are obliged to divulge this information to the government. OTS also maintains that an attorney who knows a corporate employee's actions may have adversely impacted the federal insurance fund must tell higher-ups in the corporation.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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'Tis the season to be listful
Article Abstract:
The American Assn of Retired Persons' creation of a plan to list selected lawyers as preferred providers suggests that other organizations may likewise list attorneys that best fit their ideals. Potential announcements by Neiman Marcus, BMW, the National Basketball Assn, MTV, the National Rifle Assn, and the American Kennel Club are described.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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- Abstracts: The lawyer showed a judgment of divorce, which he knew to be fraudulent. His intent was in the right place
- Abstracts: Lawyer discipline, while improved, still leaves much to be desired. Lawyers have not had a general duty to protect third parties from the bad acts of a client
- Abstracts: Lawyers have not had a general duty to protect third parties from the bad acts of a client. An increasing number of federal courts have ADR procedures
- Abstracts: Novel Michigan fee plan struck. Contingent fee arrangements get ABA nod; the bar group ducks the larger public policy debate
- Abstracts: Jurors' rights endorsed; report says they should be allowed to take notes, submit questions. Jury system alive and well; symposium endorses active role, better conditions for civil jurors