What’s 1/3 of 1,000?
Well this right here is the 1,000th post on the QuizLaw blog!
Those readers who have been with us for a while will recall that we had a little problem with the Department of Homeland Security last spring. While we were able to recover some of our prior posts, a good number were sadly lost for all time. So we don’t really know the anniversary of when we first posted, nor do we have an exact count of the number of posts we’ve actually done. But going by the posts currently on our blog, including the pre-DHS posts we were able to scrounge up, this right here is number 1,000.
Originally, I was going to celebrate the big triple-zero by sharing some wonderfully hilarious/stupid legal story. But then I noticed a comment to one of Tuesday’s entries, and I decided to get serious-like instead.
Wait, wait. You’re telling me you think those lawyers were entitled to a scant 22,333,333.33 each?!
Is there any kind of fund set up where I can donate money to impoverished lawyers?
Well, Ben, here’s the thing. It’s not really a question of whether those lawyers were, or whether any lawyers are, impoverished. Instead, it’s a question of whether they were entitled to $23.3 million each. And before they turned out to be thieving scumbags, I would have said “absolutely.”
As I mentioned in the original post, one-third of any settlement/award is the customary legal fee in contingency cases. And it is deserved. You have to remember that these guys took all the risk in this case. Their clients didn’t have to pay them a dime – the attorneys paid for everything out of their own pocket and, trust me, litigation ain’t cheap. Did they spend $67 million litigating the case? Probably not.
But here, too, you must remember that plaintiffs’ lawyers don’t win every contingency case they take. So if we made their fee some smaller percentage (say 10%), or an “actual cost” type fee, it’s suddenly not worth the risk for plaintiffs’ lawyers to ever take contingency cases.
But lawyers are scum, right, so who cares?
Well most stories we see about plaintiffs lawyers (or even about lawyers in general) tend to be negative - and we here at QuizLaw are perpetrators of this as well (the bad stories are just more fun!). But complain about the system though we all might, lawyers are an important part of the process, and those plaintiffs’ lawyers willing to work on contingency are an integral part of the system.
…this soapbox was built on the 999 preceding QuizLaw entries. Thank you.