Study measures Superfund costs; the counsel fees vary
Article Abstract:
Insurance companies are never eager to pay their customers' pollution liability claims and they spend a great deal on legal fees in their attempts to renege on their responsibility. This information comes from a 1992 report on Superfund by the Rand Corp Institute for Civil Justice. Transaction costs is the Superfund terminology for legal fees in disputes about financial responsibility for cleanups. Rand claims its study gives the first evidence on Superfund transaction costs.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1992
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Firms' S&L fees dipped in 1992; first drop during crisis
Article Abstract:
Law firm earnings for savings and loan bailout crisis work decreased by 30% between 1991 and 1992, the first such decrease since the emergence of the crisis in the late 1980s. Neither the Resolution Trust Corp nor the Federal Deposit Insurance Corp had an immediate reason for the drop. Some legislators felt that legal fees before 1992 may have been inflated due to an 'accelerated payment program.'
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1993
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