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The Market For Contingent Fee-Financed Tort Litigation: Is It Price Competitive?

Supporters characterize our current contingent fee system as a free-market way of financing tort litigation. Yet Prof. Brickman concludes that contingent fee rates in practice are set at standard levels and are collusively maintained rather than resulting from market rivalry. The bar itself contributes to the problem through ethical rules that preclude price competition. Are antitrust enforcers paying attention?

Lester Brickman, 25 Cardozo Law Rev. 65-128 (2003)

 

 

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.