Blank Rome are under cotingency, R&G we are not su
Post# of 82690
(Total Views: 192)
Posted On: 10/23/2017 9:31:01 PM
Blank Rome are under cotingency, R&G we are not sure what the compensation arrangement is (could be 100% contingency, could exclude filing fees, could exclude filing plus travel fees, could be a small percent of their normal hourly rate upfront and balance upon settlement, etc). I hope you get the point.
If under contingency the litigation fees are rolled into one number, normally. Meaning, if there were $25M in damages the attorneys calculate the total number that would be calculated at the 40% (just for this example) to cover the fees and make sure that thr $25M goes to the client. So in this example the settlement should be $41.5+/- M.
So, to answer your question, assuming both attorneys are under 100% contingency the fees would be 35%‑45% from the settlement everything would be in one number.
Do you DD to verify.
Understand that the agreements can be written many ways.
IMO
If under contingency the litigation fees are rolled into one number, normally. Meaning, if there were $25M in damages the attorneys calculate the total number that would be calculated at the 40% (just for this example) to cover the fees and make sure that thr $25M goes to the client. So in this example the settlement should be $41.5+/- M.
So, to answer your question, assuming both attorneys are under 100% contingency the fees would be 35%‑45% from the settlement everything would be in one number.
Do you DD to verify.
Understand that the agreements can be written many ways.
IMO
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