How are attorneys paid in class action cases?
The plaintiffs attorneys are usually paid in accordance with an order from the court before which the case is pending. The judge responsible for the class action reviews a submission made by the attorneys, called a fee petition. This petition sets forth in detail the work the attorneys have done on behalf of the class. After consideration, the court enters an order fixing the amount of the fees to be paid to the attorneys form the judgment or settlement fund. The amount of the fees awarded is based upon a number of factors, including, among others, the quality of the work, the difficulty of the case, the nature of the result, the amount of time spent on the case, and the risks involved. As a percentage of the gross settlement or recovery, the fee amount can vary greatly within a wide range depending on the factors the court takes into account and the weight it attaches to each of them.
The plaintiff’s attorneys are usually paid in accordance with an order from the court before which the case is pending. The judge responsible for the class action reviews a submission made by the attorneys, called a “fee petition.” This petition sets forth in detail the work the attorneys have done on behalf of the class. After consideration, the court enters an order fixing the amount of the fees to be paid to the attorneys from the judgment or settlement fund. The amount of the fees awarded is based upon a number of factors, including, among others, the quality of the work, the difficulty of the case, the nature of the result, the amount of time spent on the case, and the risks involved. As a percentage of the gross settlement or recovery, the fee amount can vary greatly within a wide range depending on the factors the court takes into account and the weight it attaches to each of them.
The class action attorneys are usually paid only if the case is successful, and then in am amount determined by the court to be fair and equitable. The judge responsible for the class action reviews a submission made by the attorneys, called a “fee petition” This petition sets forth in detail the work the attorneys have done on behalf of the class. The court, after giving members of the class an opportunity to make their views known, then enters an order establishing the amount of the judgment or settlement proceeds to be paid to the attorneys. The amount of the fees courts award is based upon a number of factors, including the quality of the work, the difficulty of the case, the nature of the result, the number of hours the lawyers and their staff spent on the case and the risks involved. In some cases the major benefits are an order compelling a defendant to stop doing things that damaged the class of plaintiffs, such as discontinuing anti-competitive prices, or remedying a violation
The attorneys are usually paid in accordance with an order from the court before which the case is pending, and only if the case is successful. The judge responsible for the class action reviews a submission made by the attorneys, called a “fee petition.” This petition sets forth in detail the work the attorneys have done on behalf of the class. The court then enters an order establishing the amount of the judgment or settlement proceeds to be paid to the attorneys. The amount of the fees awarded is based upon a number of factors, including, among others, the quality of the work, the difficulty of the case, the nature of the result, the amount of time spent on the case, and the risks involved.
