|TASK FORCE ON CONTINGENT FEES
~ Welcome ~
|Our Organizational Statement|
|The purpose of this Task Force is to evaluate lawyers' contingent fee rules
and practices and proposals for their reform. To provide its members with a solid foundation for its work, the Task
Force will begin not by a narrow focus on remedial proposals, but rather with a broader study of the history and
rationales for contingent fees. Mindful that different areas of practice entail special issues, the Task Force will seek
to define the sources and nature of perceived problems and to assess their seriousness. Among the issues it will address
are: how well the contingency fee system provides access to the justice system, especially for those who could not
otherwise afford such access; how contingent fees affect the financing of tort actions, including their role in both
individual and class actions; whether there are "standardized" contingent fees and whether exists a genuine market for
contingent fees; how ethical rules relating to reasonableness of fees apply and whether they are adequately enforced;
to what extent risk influences the determination of contingent fees agreements and awards.
Where the Task Force finds problems, it will evaluate proposed remedies, whether of its own making or suggested by others (such as the Common Good proposal). Ultimately, the Task Force will provide to all interested parties a report of its findings and recommendations, if any, for improvements in contingent fees rules and practice.
To accomplish these tasks, the Task Force will explore contingent-fee issues in a series of informal hearings. The members will prepare with pertinent background meetings and then interview invited guests who have expertise and important information about contingent fee theory and practice.
|Articles for Download
Press Release PDF | Word
Report on Contingent Fees in Medical Malpractice Litigation - PDF
Medical Malpractice Report Exhibits - PDF
Court Review of Amendment to Limit Fees - PDF
For enrollment in a committee of the Tort Trial & Insurance Practice Section. NOTE: If you are already a Tort Trial & Insurance Practice Section member, you may join up to three (3) committees at no additional cost. However, if you are not a Section member, you must join the Tort Trial & Insurance Practice Section first. If you have any questions regarding participation in TIPS Committees contact our Membership Specialist Linda Wiley or call 312/988-5673.
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Last Updated on Friday, September 10, 2010 4:35 PM