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Is $2 Million Fee for 9/11 Case Unconscionable?

Ordinarily, a one-third contingency fee agreed to by a lawyer and client is deemed presumptively reasonable. But does the presumption of reasonableness change where (a)  the recommended guidelines for fees are 5 percent, (b) the risk of nonrecovery is minimal, (c) many attorneys handled the matter on a pro bono basis and (d) the claims relate to compensation from the 9/11 fund?  Those are some of the issues raised by this story, Attorneys $2 Million 9/11 Fee Called Shocking and Unreasonable and discussed in my post over at My Shingle.

Posted by Carolyn Elefant on August 29, 2006 at 03:34 PM | Permalink | Comments (0)

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