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To: hsalaw

I think the norm for attorney fees in a class action suit is about 25%. That’s 25% of every single class member’s share of the award, which adds up pretty fast. And, in addition to the 25% loss, each class member also gives 38% off the top to the government, leaving them with about 37% of their single award.

It’s no wonder attorneys are willing to risk 7 mil for a shot at billions, and to hell with the real plaintiffs.


17 posted on 06/21/2011 4:44:39 PM PDT by DPMD (~)
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To: DPMD
I think the norm for attorney fees in a class action suit is about 25%.

For a contingency matter, 33% is customary, with a higher percentage if the matter goes to trial. The lawyers can end up with nearly half of the recovery, and that's after their "costs and expenses" have been taken off the top.

47 posted on 06/21/2011 5:38:24 PM PDT by hsalaw
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